Stocks rebounded from Tuesday's sell-off to post across-the-board gains Wednesday, as investors re-embraced the long-term promise of the artificial intelligence (AI) revolution. The main U.S. equity indexes were choppy early but surged late, and eight of the 11 stock market sectors closed in the green despite murky incoming labor market data.
The ADP National Employment Report showed private employers added 42,000 jobs in October, marking the first monthly gain since July, to top a consensus forecast of 30,000. September's net job loss was revised higher to 29,000.
