HomeMarket NewsUS Stock Market Highlights: Stocks rise, but gains capped thanks to weak jobs data
US Stock Market Highlights: The Dow Jones Industrial Average declined on Wednesday (June 4), snapping a four-session winning streak, as weaker-than-expected private payroll data dampened investor sentiment. The Dow fell 91.90 points, or 0.22%, to close at 42,427.74. In contrast, the S&P 500 inched up 0.01% to 5,970.81, and the Nasdaq Composite rose 0.32% to end at 19,460.49.
US Stock Market Highlights: The Dow Jones Industrial Average declined on Wednesday (June 4), snapping a four-session winning streak, as weaker-than-expected private payroll data dampened investor sentiment. The Dow fell 91.90 points, or 0.22%, to close at 42,427.74. In contrast, the S&P 500 inched up 0.01% to 5,970.81, and the Nasdaq Composite rose 0.32% to end at 19,460.49. The decline followed a report from payroll processor ADP, which showed private sector jobs increased by just 37,000 in May — the slowest pace in more than two years. This figure came in below both the revised April reading of 60,000 and the consensus estimate of 110,000, raising fresh concerns about the health of the labour market amid persistent trade policy uncertainty.
