Stock Market Today: Stocks Choppy After Strong Jobs Data

Both the ADP private payrolls report and the January job openings update came in stronger than expected.

stock market chart with red and green bars
(Image credit: Getty Images)

Stocks spent most of the day lower Wednesday, as investors fretted about the Federal Reserve's future rate-hike plans. While a second day of congressional testimony from Federal Reserve Chair Jerome Powell failed to provide any additional fireworks, investors focused on more signs of a strong labor market. However, a late burst of buying power helped two of the three indexes climb into positive territory by the close.  

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%
https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription


Why am I seeing this? Find out more here

Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.