The Dow Jones Industrial Average, which fell 17.53 points Tuesday, climbed 128.85 points to stand at 9,900.76 at 11:15 a.m.

The tech-heavy Nasdaq Composite Index, which declined 8.12 points the previous day, gained 19.75 points to 2,077.07.

The ADP National Employment Report showed 203,000 private-sector jobs were lost in October, down from the 227,000 lost in September.

The reading marked the seventh straight month of declining job losses.

Investors shifted to the buying side after the job data were released, as the declining job losses raised hopes for upbeat results in an October employment report the Labor Department is set to release Friday, market analysts said.

Stocks were also bought after the Institute for Supply Management reported the service industry index continued to show growth in October.