New York • Stocks held close to a record after a private survey showed that U.S. companies increased hiring at a rapid pace. The report is the latest sign that the economy is strengthening after an unusually harsh winter.
KEEPING SCORE: The Standard & Poor's 500 index was little changed at 1,885. The index is at an all-time high. The Dow Jones industrial average rose one point to 16,524. The Nasdaq composite fell three points, or 0.1 percent, to 4,265.
NOW HIRING: A private survey showed that U.S. companies increased hiring at a rapid pace last month. Payroll processer ADP said Wednesday that private employers added 191,000 jobs in March. ADP also revised February's job creation up to 153,000 from an originally reported 139,000. The report comes ahead of the government's monthly jobs report, scheduled to be released on Friday.