Here's what happened to the stock market on Wednesday - CNBC

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020.

Brendan McDermid | Reuters

Dow Jones Industrial Average rises tk points

J&J scores big coronavirus deal, Disney rallies

ADP data disappoints

ADP reported Wednesday that private payrolls in the U.S. increased by just 167,000 in July. That's well below a Dow Jones estimate of 1 million and represents a tumble from the 4.314 million added in June.  The ADP report is seen as a preview to the government's monthly jobs report, which is forecast to show a gain of more than 1.2 million jobs. 

What happens next?

Weekly jobless claims data are set for release Thursday along with Uber earnings.

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Here's what happened to the stock market on Wednesday - CNBC
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