December 4, 2024 – 7:36 AM PST
(Reuters) – Wall Street’s main indexes climbed on Wednesday, with the S&P 500 and the Nasdaq touching record highs propelled by gains in technology stocks, while investors awaited comments from Federal Reserve Chair Jerome Powell later in the day.
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U.S. private payrolls increased at a moderate pace in November, the ADP National Employment Report showed, with private payrolls rising by 146,000 jobs after advancing by a downwardly revised 184,000 in October.
“There’s been a lot of noise for job figures due to distortions in the economy and the correlation between the ADP and the nonfarm payrolls print, which is the really important one for the outlook and for Fed policy,” said Zachary Hill, head of portfolio management at Horizon Investments.
“I don’t really think…
