U.S. stocks edged higher on Wednesday, as strength in technology shares offset declines driven by weak economic data that deepened concerns about the impact of the Trump administration’s erratic trade policies.

The U.S. services sector contracted for the first time in nearly a year in May, while businesses paid higher input prices, a reminder that the economy was still at risk of experiencing a period of very slow growth and high inflation.

The ADP National Employment Report showed U.S. private employers added the fewest number of workers in more than two years in May. Investors are awaiting Friday’s nonfarm-payrolls data for more signs on how trade uncertainty is affecting the U.S. labor market.

Market Analysts Weigh in on Employment Data

“I think you get very short term volatility fr

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