Stock market today: Dow, S&P 500, Nasdaq rise as weak ADP jobs data reinforces growing Fed rate cut bets

US stocks edged up on Wednesday as a surprise decline in private-sector employment revealed cracks in the job market, but also reinforced bets on a Fed rate cut next week. The Dow Jones Industrial Average (^DJI) rose 0.9%, or over 400 points, while the S&P 500 (^GSPC) added 0.3%. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.2% after the major gauges finished Tuesday with gains across the board. The ADP report looked to add fuel to the rate-cut fire, as nearly 90% of bets sit on a quarter-point redu ...