NEW YORK (AP) — The U.S. stock market is edging up in early trading after a report that business hiring surged in June.
The report comes a day after good news on manufacturing drove the market to another all-time high and brought the Dow Jones industrial average within two points of 17,000 for the first time.
The Dow rose 12 points, or 0.1 percent, to 16,969 shortly after the stock market opened Wednesday.
The Standard & Poor's 500 was flat at 1,973, while Nasdaq composite rose three points, or 0.1 percent, to 4,461.
Payroll processer ADP said early Wednesday that businesses added 281,000 jobs last month, up from 179,000 in the previous month.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.60 percent from 2.57 percent late Tuesday.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer