Morning brief 04/12/2025

U.S. stocks continued to rise on Wednesday (03/12), as the latest employment data from ADP strengthened investor confidence that the Federal Reserve will cut interest rates next week. Specifically, ADP reported that the U.S. private sector unexpectedly lost 32,000 jobs in November 2025, sharply contrasting with Dow Jones’ forecast of a 40,000-job increase. Despite the discouraging data, the indexes started the session in the red but rebounded as investors appeared to bet that weakening private-sector employment would prompt the Fed to cut rates at its final meeting of the year on December 10.