The U.S. stock market pushed higher on Wednesday, set for a fourth day of gains, with the S&P 500 notching an intraday record in early trade.
The market’s reaction was muted after a pair of better-than-expected economic reports. Private-sector hiring in March picked up to the fastest pace in three months while factory orders rose in February. Headline numbers on both were stronger than expected.
The S&P 500 index dipped in and out of negative territory. The benchmark index was last trading up less than a point at 1,884.39.The Dow Jones Industrial Average was flat at 16,532.19.The Nasdaq Composite slipped 3 points to 4,264.92.
The market’s reaction was muted after a pair of better-than-expected economic reports. Private-sector hiring in March picked up to the fastest pace in three months while factory orders rose in February. Headline numbers on both were stronger than expected.
The S&P 500 index dipped in and out of negative territory. The benchmark index was last trading up less than a point at 1,884.39.The Dow Jones Industrial Average was flat at 16,532.19.The Nasdaq Composite slipped 3 points to 4,264.92.