Evening Market Recap - Wednesday, 2-Oct

US equities finished fractionally higher overall in Wednesday trading, with the Dow Jones, S&P500, and Nasdaq closing up 9bps, 1bp, and 8bps respectively. Stocks stabilized today, largely shrugging off recent Middle East developments, while work stoppage at US East and Gulf Coast ports a widely flagged potential growth and supply chain risk. ADP private payrolls of 143K came in above 125K consensus. Richmond’s Barkin said Fed may have trouble covering the "last mile" on inflation.