Driven by the positive economic data, U.S. stocks rose slightly on Wednesday afternoon, the financial sector led the broader market. Labor market data and services beyond the ISM index is expected to offset the related commodity futures prices dragged down the stock downturn.
At 11:51 on January 5 EST, the Dow Jones industrial average rose 44.16 points to 11,735.34 points, or 0.38%; the Nasdaq composite index rose 16.12 points to 2,697.37 points, or 0.60%; the S & P 500 Index rose 5.90 points to 1,276.10 points, or 0.46%.
By the fall in commodity futures prices, utilities, raw materials and the general decline in the energy sector. Exxon Mobil (XOM) fell 0.8%, Coca-Cola (KO) fell 1.1%.
Dow component Walt Disney (DIS) rose 2%. After Goldman Sachs (GS) to be included in the "sure to buy" list, citing its subsidiary theme park is expected performance of the sector will bounce back.
Economic data released today morning increased market confidence. ADP agency reported in December last year, the private sector increased by 29.7 million jobs, the Dow Jones News survey of economists expected an increase of 10 million. ADP employment data appear in its history the biggest monthly increase. The data will be released Friday indicates that the crucial non-farm employment data may be positive.