CLOSE

The U.S. economy just had its worse performance ever as businesses shut down across the country as well as much travel decline.

USA TODAY

Stocks are moving broadly higher on Wall Street Wednesday, placing the market on pace to extend its milestone-setting run.

The S&P 500 was up 0.6%, with technology, health care and communication stocks driving the rally. Energy companies were the only laggard as oil prices headed lower. Treasury yields were mixed.

Investors appeared to shrug off a report showing that U.S. companies added 428,000 jobs in August, far less than what economists had expected. The survey by payroll processor ADP comes ahead of the government’s more comprehensive monthly hiring report due out Friday.

DraftKings jumped 5.7% after announcing that basketball legend Michael Jordan would take an ownership stake in the company in exchange for