"Market Surge: ADP Payrolls and GDP Revision Propel SP500"

US stocks, including the S&P 500, Nasdaq Composite, and Dow, rose slightly following a soft ADP payrolls gain and a downward revision of Q2 economic growth. The tech-heavy Nasdaq Composite was up 0.7%, while the S&P 500 and Dow were up 0.5% and 0.4% respectively. The ADP report showed private payrolls up 175K, lower than expected, but had little impact on rates. The market rally on Tuesday was driven by weak economic data, including a slump in job openings and a drop in consumer confidence, which reduced expectations of further rate hikes by the Federal Reserve. Revised Q2 GDP numbers were also lower than expected.