Stocks Ended Higher after Employment Report

U.S. stocks ended a choppy session moderately higher on Wednesday after a private survey showed that U.S. companies increased hiring at a rapid pace last month. The Dow Jones Industrial Average was up 40.39 points, or 0.24%, at 16,573.00. The S&P 500 gained 5.38 points, or 0.29%, to 1,890.90, closing at a record for the eight time this year. The Nasdaq Composite added 8.42 points, or 0.20%, at 4,276.46.

Private-sector employers added the most jobs in three months during March, and quicker hiring may be ahead, Automatic Data Processing Inc. reported Wednesday. ADP said private-sector employers added 191,000 jobs last month, up from 178,000 in February.

Amazon.com Inc unveiled a $99 video streaming device dubbed Fire TV on Wednesday, the U.S. e-commerce leader’s latest step to beef up its multimedia presence and capitalize on the growing appetite for digital media.

The U.S. Supreme Court on Wednesday struck down a key pillar of campaign finance law by allowing wealthy donors to give money to as many political candidates, parties and committees as they wish.

German car maker BMW AG is recalling more than 232,000 vehicles in China because of a defective engine-control component, China’s quality watchdog said on Wednesday.