Rick Winters, vice president at Adviser Investments, has the market analysis for Wednesday, June 5. Despite trading volatilityA measure of how large the changes in an asset’s price are. The more volatile an asset, the more likely that its price will experience sharp rises and steep drops over time. The more volatile an asset is, the riskier it is to invest in., major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes rose for the third consecutive day: The Dow Jones Industrial Average and S&P 500 each gained 0.8% and the NASDAQ Composite advanced 0.6%. Meanwhile, ADP reported that May’s private-sector payroll additions fell to just 27,000 month-over-month. This marks a dramatic reduction from the 185,000 that analysts forecast—and the fewest monthly additions seen since March 2010. In other news, Walmart’s stock gained nearly 2% after CEO Doug McMillon said at the company’s annual meeting that the $7.25 federal minimum wage rate remains too low. Walmart’s minimum hourly pay is currently $11—versus the federal rate of $7.25 and retail competitors Amazon and Costco, each of which offer closer to $15 an hour.
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