Here are the most important news items that investors need to start their trading day.
1. Taking a breathWednesday that private payrolls rose 89,000 in September, far below the 160,000 economists had been expecting. Investors are hoping that means a historically tight labor market might finally be loosening, which could give thea reason to stop hiking rates. But the ADP numbers can differ significantly from the official government numbers, which are due out Friday, so the relief might be short-lived. Follow, the nation's largest healthcare nonprofit organization.
Meanwhile,that it said will fix a bug that's led to overheating iPhones. Some consumers who bought the new titanium iPhone 15WASHINGTON, DC - OCTOBER 04: U.S. President Joe Biden delivers remarks on new Administration efforts to cancel student debt and support borrowers at the White House on October 04, 2023 in Washington, DC.on Wednesday. The relief comes from his administration's fixes to a number of programs, including income-driven repayment plans and Public Service Loan Forgiveness.
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