Wall Street opened flat on Wednesday after a drop in tech stocks the day before, which was partly due to concerns about high stock prices. However, a strong jobs report from ADP helped ease fears about a weak job market.

At the opening, Dow Jones went up by 12.1 points (0.03%) to 47,097.31. The S&P 500 fell slightly by 1.8 points (0.03%) to 6,769.77, while the Nasdaq rose by 9.4 points (0.04%) to 23,358.075.

Private companies added more jobs than expected in October, indicating that the labour market remains resilient, according to a report from ADP on Wednesday.

ADP said businesses created 42,000 new jobs last month, rebounding from a loss of 29,000 in September and surpassing the Dow Jones forecast of a 22,000 increase. The firm also revised September’s data to show 3,000 fewer job

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