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Dow stalls out to kick off September trade, while S&P 500, Nasdaq clamber higher after ADP jobs report for August

MarketWatch logo MarketWatch 9/1/2021 Mark Decambre
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Video: Dow and Nasdaq fall ahead of Fed news (CNBC)

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U.S. stock benchmarks were mixed Wednesday, with equity indexes trading mostly higher, even as data on private-sector employment came in weaker than expected. A report from Automatic Data Processing showed that businesses in the U.S. created 374,000 new jobs in August, versus 600,000 that economists had forecast on average, based on a Dow Jones survey. The lackluster report suggests that the delta vairant of COVID-19 may be stalling out job creation in the recovery phase from the pandemic. The Dow Jones Industrial Average was virtually unchanged at 35,366, the S&P 500 index advanced 0.2% at 4,531, and the Nasdaq Composite Index rose 0.5% at 15,334.

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