Evening Market Recap - Wednesday, 01-May

US equities finished mixed in Wednesday trading, with the market selling off into the close, after a big post-Powell boost; Dow Jones finished +23bps, while the S&P500 and Nasdaq closed down 34bps and 33bps respectively. Fed left rates unchanged, as expected, and announced a larger-than-expected reduction in Treasury runoff caps from $60B to $25B, starting in June. ISM manufacturing index missed and moved back into contraction territory. JOLTS job openings came in lower than expected. April ADP private payrolls were ahead of consensus.