Dow Edges Higher; Bitcoin Rises — WSJ
By WSJ StaffStocks struggled for direction Wednesday, with major indexes split between small gains and losses. The Dow industrials rose less than 1%, while the Nasdaq composite lagged behind.New data from ADP showed the private sector shed 32,000 jobs in November. The "modest fall" should be enough to persuade Federal Reserve policymakers to vote for another rate cut next week, said Stephen Brown of Capital Economics. The dollar weakened, particularly against sterling.Bitcoin traded as high as $93,000, continuing Tuesday's recovery.Macy's and Dollar Tree kicked off this week's batch of retail earnings. Macy's stock slipped, despite the department-store chain raising its annual outlook again and posting strong quarterly sales. Dollar Tree reported stronger-than-forecast adjusted earnings.American Eagle Outfitters' stock jumped after earnings that showed a boost from ad campaigns with Sydney Sweeney and Travis Kelce.In global markets:The Indian rupee hit a record low against the dollar, based on data back to 1957, amid uncertainty about a U.S. trade deal.Oil futures rose around 1%, with a focus on Ukraine-Russia peace negotiations.Copper prices climbed to a fresh record in London.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).