Evening Market Recap - Wednesday, 5-Feb

US equities finished higher in Wednesday trading, ending at best levels, with the Dow Jones, S&P500, and Nasdaq closing up 71bps, 39bps, and 19bps respectively. January ADP private payrolls were up 183K, topping 150K consensus. January ISM services softer than expected, including new orders falling to lowest since June. Treasury's latest quarterly refunding statement came in largely as anticipated. Alphabet was hit by a slowdown in Cloud growth with a big ramp in capex ramp.