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Strong Start for U.S. Stocks, The Dow Jones Industrial Up Triple Digits

August 6, 2023
in Trade Tube
Reading Time: 1 min read
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Strong start for U.S. stocks at Wednesday’s opening bell. The Dow Jones Industrial was up triple digits, straight out of the gate. Traders are welcoming the latest ADP report showing the private sector created more jobs than expected in December. The services sector led the way adding 194,000 of the 241,000 jobs, economists were expecting a total of 225,000. But nearly 3,700 people are out of work starting today. Clothing retailer, Wet Seal (WTSL) is shutting down 338 of its stores. Full and part-time employees at those stores have been cut. Boeing (BA) is sharply higher in early trading after reporting it delivered a record number of 723 jetliners in 2014.

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