US stocks were mixed on Wednesday as investors weighed uneven economic data against expectations for eventual Federal Reserve easing, with the S&P 500 easing 0.2% and the Dow Jones sliding 0.8% from recent record highs, while the Nasdaq 100 gained 0.1%.
JOLTS showed a sharp decline in job openings, pointing to cooling labor demand, while ADP reported a modest rebound in private hiring and the ISM Services PMI surprised to the upside, reinforcing the view of a slowing yet resilient economy.
At the stock level, JPMorgan Chase and Bank of America fell more than 2%, dragging on the Dow amid a broader pullback in banks, while NVIDIA (1%) and Alphabet (2.5%) outperformed, supporting gains in the tech heavy Nasdaq.
In energy, Valero and Marathon Petroleum advanced on reports of renewed Venezuelan crude flows that could benefit Gulf Coast refiners, while Chevron lagged amid softer crude prices.
Source: Trading Economi
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