Wall Street Opens Higher After Jump in March Hiring; Dow up 90 Pts By

© Reuters.

By Geoffrey Smith — .U.S. stocks opened higher on Wednesday after payrolls processor ADP registered a jump in private-sector hiring March, reassuring participants that the U.S. economy is starting to put its Covid-19 nightmare behind it. 

said 517,000 private-sector jobs were created in the month through mid-March, less than the 550,000 expected but still almost three times February’s number and a clear sign of life in a service sector that accounts for most of the current 10 million-job shortfall in the economy, measured against pre-pandemic levels. 

By 9:40 AM ET (1340 GMT), the was up 87 points, or 0.3%, at 33,154 points. The was up 0.4% and the was up 1.0%.

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