U.S. markets ended mostly in red on Wednesday following another rise in Treasury yields to fresh multiyear highs. Persistent global uncertainty and spike in crude oil prices kept investors cautious. On the economic front, the Commerce Department released a closely watched report showing consumer prices in the U.S. rose by slightly less than expected in the month of August. The Commerce Department said its personal consumption expenditures (PCE) price index increased by 0.3 percent in August following a revised 0.1 percent uptick in July. The street had expected prices to climb by 0.4 percent compared to the 0.2 percent increase originally reported for the previous month. Besides, revised data released by the Commerce Department showed the U.S. economy grew by much more than previously estimated in the second quarter of 2026. The report said the jump in real gross domestic product in the second quarter was upwardly revised to 2.2 percent from 1.5 percent. The street had expected the increase in GDP to be unrevised.
Meanwhile, a report released by payroll processor ADP said private sector employment in the U.S. jumped by more than expected in the month of September. ADP said private sector employment shot up by 90,000 jobs in September after rising by a downwardly revised 36,000 jobs in August. The street had expected private sector employment to increase by 70,000 jobs compared to the addition of 38,000 jobs originally reported for the previous month.
Dow Jones Industrial Average slipped by 443.87 points or 0.86 percent to 50,906.05 and S&P 500 decreased by 19.3 points or 0.25 percent to 7,651.54, while Nasdaq fell by 63.52 points or 0.24 percent to 26,861.06.
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