Dow Moves Higher; Bitcoin Rises — WSJ
Stocks edged higher Wednesday, with the the Dow industrials adding to early gains and the Nasdaq composite lagging 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 above $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).