Market Overview

Major US stock markets opened with little change to slightly lower on Wednesday, influenced by the latest ADP employment report which fell short of analysts' expectations. Additionally, investors are considering the significant 20.4% increase in US mortgage applications reported last week, alongside upcoming reports on factory orders and service sector activity.

Stock Performance

At the opening bell, the Dow Jones Industrial Average and S&P 500 remained flat, whereas the Nasdaq 100 saw a decrease of 0.36%. Notably, CrowdStrike Holdings experienced a sharp decline of 7.99% at 9:30 am ET.

Currency Movement

In currency markets, the euro strengthened against the dollar, with a 1.29% gain, trading at $1.07430 at 9:29 am ET.