Stocks closed out a fourth-straight day of gains on Wednesday after revised GDP data showed the US economy grew slower in the last quarter than previously estimated.
The S&P 500 (^GSPC) rose about 0.4% while the Dow Jones Industrial Average (^DJI) popped 0.1%. The Nasdaq Composite (^IXIC) increased 0.5%.
The benchmarks erased earlier small losses after a fresh reading on US GDP showed the economy grew 2.1% in the second quarter, compared with a previous official estimate of 2.4%. Meanwhile, private-sector jobs in August as reported by ADP came in weaker than expected.
The data comes amid hopes for a "soft landing" for the economy and plays into assessments of whether the Federal Reserve is done hiking interest rates and potentially denting the economy. Signs of a slowdown in the labor market helped lift the major US gauges to gains on Tuesday.