Odaily Planet Daily News: Early Wednesday trading on U.S. stocks saw a pause in record-breaking gains as Wall Street awaits a batch of economic data. The S&P 500 index remained roughly flat, having closed at a record high the previous day. The Nasdaq 100 index, which is heavily weighted toward technology stocks, fell 0.2%, while the blue-chip Dow Jones Industrial Average rose 0.3% as some investors continued to pull back from the tech stocks that had driven the market's gains in recent months. Sameer Samana, global head of equity and real asset strategy at Wells Fargo Investment Institute, said, "We've returned to recent high levels where the market previously stalled, and more information seems necessary before breaking through these thresholds. In addition, the Federal Reserve needs to provide a clearer outlook on its future path." ADP Research Institute data released on Wednesday showed that U.S. companies added 41,000 jobs in the private sector in December, a modest increase as the country approaches 2026, below economists' expectations. Investors are now looking ahead to the nonfarm payrolls data to be released on Friday to gauge the resilience of the labor market. (Jinshi P)
Analyst: Fed Needs to Provide Clearer Guidance on Future Path
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Summary
Federal Reserve news remains a key focus as U.S. stocks paused their rally ahead of major economic data. The S&P 500 held steady, the Nasdaq 100 fell 0.2%, and the Dow Jones rose 0.3%. Wells Fargo's Sameer Samana said the market needs clearer signals to push higher. On-chain data shows mixed investor sentiment, with ADP jobs data coming in at 41,000, below forecasts. Traders will watch Friday's nonfarm payrolls for clues on labor market strength and potential Fed developments.
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