US stocks rebound after positive jobs data

NEW YORK, United States — US stocks advanced Wednesday after better-than-expected jobs data soothed concerns about the US economy. Equity buyers stepped in following the prior session’s retreat. US private sector employment jumped 42,000 in October, ADP said, rebounding from a loss of 29,000 jobs in September. This was nearly double the amount forecasted by economists surveyed by Dow Jones Newswires and The Wall Street Journal. The ADP figures are likely to attract renewed attention as it is one of the few economic indicators released in recent weeks amid the US government shutdown. They are also likely to feed into investors’ […]... Keep on reading: US stocks rebound after positive jobs data