Better-than-expected data sent stocks flying as traders bet the worst from the economic slowdown is in the rear-view mirror.
Data comes in better than expected
ADP and Moody's Analytics reported private payrolls fell by another 2.76 million in May. The ADP number was far less than the 8.75 million estimate. Data from the Institute for Supply Management showed the U.S. services sector contracted less than expected, rebounding from an 11-year trough.Small-cap stocks outperformed their large-cap counterparts on Wednesday, with the
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