Dow, S&P 500, Nasdaq rise as surprise ADP jobs decline reinforces Fed rate cut bets
US stocks shook off early losses on Wednesday as a surprise decline in private-sector employment revealed cracks in the job market, but also reinforced bets on a Fed rate cut next week. The Dow Jones Industrial Average (^DJI) rose 0.9%, while the S&P 500 (^GSPC) added 0.4%. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.2% after…