Stocks Rise as Private Employers Add 154,000 Jobs in September; Twitter Sale Rumors Heat Up

U.S. stocks opened higher on Wednesday, following losses on Tuesday. ADP said private employers created 154,000 jobs in September, missing estimates of 170,000. The ADP report tends to foreshadow Friday's official jobs report from the government. The pound remained in focus, recovering slightly from its losses on Tuesday, it reached a 31-year low against the dollar, sparked by Brexit fears. The pound was slightly higher Wednesday at $1.27. Twitter (TWTR) - Get Report shares spiked on reports that the social media network may start weighing takeover bids this week. Salesforce (CRM) - Get Report is said to be one of the possible bidders. Shares of Constellation Brands (STZ) - Get Report moved higher after reporting earnings of $1.77 a share, beating estimates of $1.65. Revenue rose 17% year-over-year to $2.02 billion. Its full-year earnings guidance also topped forecasts. TheStreet's Scott Gamm reports from Wall Street.