Trading was light in U.S. stocks, with the three major indexes remaining stable.
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TL;DR
U.S. stocks saw light trading with major indices stable as investors analyzed labor data for Fed rate clues, while experts see room for market gains amid soft landing expectations.
[US Stocks Trading Light, Three Major Indices Remain Stable] According to Mars Finance, citing Jinshi, US stocks traded lightly in early trading on Wednesday. The S&P 500 index remained near its historical highs as the market analyzed labor market data for further clues about the Federal Reserve's interest rate path. The Nasdaq 100 and Dow Jones indices were largely unchanged. Tom Essaye, founder of Sevens Report, stated that as the year-end approaches, investors are firmly pricing in a soft landing for the economy, and the stock market still has room to rise.