Stocks opened mostly higher Wednesday, with the tech-heavy Nasdaq Composite lifted after upbeat earnings from Google parent Alphabet Inc. The Dow Jones Industrial Average DJIA, +0.18% was off 50 points, or 0.1%, while the S&P 500 SPX, +0.66% rose 0.4% to 4,565. The Nasdaq COMP, +0.88% advanced 0.8% to 14,463. Alphabet shares were up 9%. An estimate of private-sector hiring by Automatic Data Processing showed a fall in payrolls, though economists and analysts noted the reading was distorted by the spread of the omicron variant of the coronavirus.
This article was originally published by Marketwatch.com. Read the original article here.
