12:00 PM EST, 03/05/2025 (MT Newswires) -- Wall Street's major market averages were down around midday trading Wednesday as investors digested employment data that fell short of market expectations.

ADP's monthly measure of private payrolls showed a 77,000-jobs increase in February, well below the 140,000-gain expected in a survey compiled by Bloomberg. The February increase followed an upwardly revised 186,000 gain in January.

In company news, CrowdStrike Holdings ( CRWD ) shares declined by 9% in recent Wednesday trading after the company posted overnight fiscal Q1 and fiscal 2026 non-GAAP earnings per share guidance below analysts' expectations.

Microsoft's ( MSFT ) partnership with OpenAI does not qualify for investigation under UK merger rules, the UK's Competition and Markets Authority said. Microsoft ( MSFT ) shares were up 0.6%.

Alphabet's (GOOG, GOOGL) Google ( GOOG ) has called on the US Department of Justice to keep the company intact as officials consider breaking up the search engine giant to resolve two anti-monopoly cases, media outlets reported, citing unnamed sources familiar with the matter.

Google ( GOOG ) told MT Newswires it regularly meets with regulators to discuss the case. "As we've publicly said, we're concerned the current proposals would harm the American economy and national security," a Google ( GOOG ) spokesperson said in an emailed statement. The US Department of Justice did not immediately respond to a request for comment from MT Newswires. Alphabet shares were down 0.9%.

Tesla's (TSLA) vehicle registrations in Germany dropped 76% to 1,429 units in February, compared with a year earlier, while overall electric vehicle registrations climbed 31%, the country's Federal Motor Transport Authority said. Tesla shares were down over 1%.

Novo Nordisk ( NVO ) said Wednesday it is offering cash-paying patients all dose strengths of Wegovy at a lower price of $499 per month through a direct-to-patient delivery option called NovoCare Pharmacy. Novo Nordisk ( NVO ) shares rose over 3%.

Price: 354.40, Change: -35.76, Percent Change: -9.17