New York
Wall Street stocks finished little changed Wednesday following better-than-expected US economic data and strong earnings from Amazon and Google parent Alphabet. The market appears to have stabilized following last week’s volatility, which was brought on by a social media-driven surge in shares of GameStop, AMC Entertainment and other struggling companies that hedge funds and other major investors had bet against.
The Dow Jones Industrial Average gained 0.1 percent to 30,723.60.
The broad-based S&P 500 edged up 0.1 percent to 3,830.17, while the tech-rich Nasdaq Composite Index lost less than 0.1 percent at 13,610.54.Data from payroll firm ADP showed the United States added 174,000 jobs in January, more than triple analysts’ expectations.—APP
