In this March 6, 2012 photo, traders work on the floor at the New York Stock Exchange in New York. World stock markets cautiously rebounded Wednesday March 7, 2012 in a week that saw Europe's debt crisis return to center stage over concerns Greece would not attract enough investor support for a deal meant to head off a messy default. (AP Photo/Seth Wenig)
In this March 6, 2012 photo, traders work on the floor at the New York Stock Exchange in New York. World stock markets cautiously rebounded Wednesday March 7, 2012 in a week that saw Europe's debt crisis return to center stage over concerns Greece would not attract enough investor support for a deal meant to head off a messy default. (AP Photo/Seth Wenig)
Stocks are edging higher after their biggest loss this year as reassuring reports on productivity and hiring overshadow jitters about the Greek debt crisis.
The government said early Wednesday that U.S. workers were more efficient late last year, though productivity grew more slowly than in the summer. Slower productivity growth could boost hiring.
Payroll processor ADP said employers added 216,000 jobs last month, slightly more than economists had expected.
The Dow Jones industrial average dove 203 points on Tuesday, raising doubts about the momentum behind stocks' strong rally this year. Investors fretted about the latest deadline in Greece's debt crisis.
The Dow is up 21 points at 12,780 in the first ten minutes of trading. The S&P 500 is up 4 at 1,347. The Nasdaq is up 14 at 2,924.
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