Stocks opened lower Wednesday but shot into positive territory mid-morning as investors took in an onslaught of economic reports. The main indexes were just as choppy in afternoon trading following a lunchtime speech from Federal Reserve Chair Jerome Powell.
Ahead of the open, ADP said private employers added 184,000 jobs in March. This was the biggest increase since July and blew past economists' forecasts for 148,000 new jobs. The data also showed that annual pay increases for job-stayers was 5.1% and 10.0% for job-changers.
