After A Sell-Off, Us Stocks Remained Virtually Unchanged‍

Stocks on Wall Street were little changed earlier this morning, as markets reacted cautiously to a solid employment report after the previous session's sell-off pushed stocks lower.

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There were 242,000 new private-sector jobs created in February, more than double the level in January and significantly more than analysts predicted, according to the latest ADP report.

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Those figures come ahead of Friday's closely watched government jobs report for February, a key piece of data that the Federal Reserve will consider when setting interest rates at its meeting at the end of the month as a guide to what level to set interest rates at.

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There was no change in the Dow Jones Industrial Average at 32,863.14 about 20 minutes after the market opened.

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There was only a slight increase of less than 0.1 percent in the broad-based S&P 500 Index, which closed at 3,987.95, while the technology-rich Nasdaq Composite Index closed at 11,528.55.

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After Fed Chair Jerome Powell told a Senate panel on Tuesday that the US central bank could hike rates more than expected to tame inflation, major US indices fell more than one percent on Tuesday.

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It is expected that Powell will undergo a second day of testimony before the House of Representatives today.

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CrowdStrike Holdings jumped by 4.8 percent among individual companies after the cybersecurity firm beat expectations with a forecast that surpassed expected revenues as well as a sharply higher earnings report.