US Stocks Rebound as ADP Data Cools Rate Hike Bets; Dell Surges 16%

US stocks ended a three-day losing streak on September 3, with the S&P 500 rising 0.47% and the Nasdaq gaining 0.45%. The rally was driven by weaker-than-expected ADP private sector employment data (38,000 new jobs), which tempered expectations for a September rate hike. AI hardware stocks performed strongly, led by Dell's 15.76% surge following record AI server orders, while Nvidia and Micron also saw gains. Conversely, software and cybersecurity stocks like Credo, MongoDB, and Palo Alto Networks faced significant declines. Meanwhile, oil prices paused the