U.S. stocks were little changed Wednesday, as the latest jobs data exacerbated concerns about the economy and appeared to pull attention away from hopes of a compromise on President Donald Trump's controversial tariffs.
The Dow Jones Industrial Average traded 7 points lower. The S&P 500 was higher by about 0.1%, and the Nasdaq Composite advanced 0.3%.
Sentiment was somewhat alleviated overnight after Commerce Secretary Howard Lutnick said he expected an announcement on an agreement with Canada and Mexico. Lutnick added on Wednesday morning that Trump was considering which sectors of the economy to give relief to on the taxes.
Chinese ADRs jumped in morning trading on Wednesday after Beijing set an ambitious economic growth target and vowed more support for domestic consumption and the tech industry as a trade war with the United States heats up.
YINN rose 8%; XPeng rose 6%; Alibaba rose 4%; PDD Holdings, JD.com, and Baidu rose 3%; NIO and Li Auto rose 2%.
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