Advantage Solutions Stock Drops: Private Payrolls Slowdown Surprises!

Advantage Solutions Inc. dropped 2.96% intraday, with the decline potentially influenced by broader economic concerns. The ADP National Employment Report showed U.S. private employers added the fewest number of workers in over two years in May, and the U.S. services sector contracted for the first time in nearly a year, raising concerns about economic slowdown and high inflation. Additionally, the U.S. Treasury Yields rose early Wednesday, which could have impacted the stock's performance.