The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.37%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.48%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.72%. December E-mini S&P futures (ESZ25) rose +0.36%, and December E-mini Nasdaq futures (NQZ25) rose +0.60%.
US stock indexes recovered from early losses on Wednesday and rallied as signs of strength in the US economy bolstered optimism in the economic outlook. The monthly US ADP employment report showed private-sector employers added more jobs than expected, and activity in the US service sector expanded by the most in 8 months. Also, strength in chipmakers on Wednesday helped lift the broader market.
