Serious doubts about the health of the labour market and the pace of economic recovery on markets on edge Wednesday.
Stocks fell after the said companies ADP payroll processor added 179 000 new jobs in April, much less that economists expected. Which raises concerns about the monthly report of jobs in the Government in April will reveal when he was released Friday.
The Dow Jones index fell 83.93 points, or 0.7%, to close at 12,723.58.
The standard & poor 500 index has fallen by 9: 30 pm, or 0.7%, to 1,347.32.
The Nasdaq composite index dropped by 13.39 or 0.5%, to 2,828.23
For the week:
The Dow Jones index is 86.96 points, or 0.7%.
The S & P is 16.29, 1.2%.
The Nasdaq is 45,31, 1.6%.
For the year to date:
The Dow Jones index is 1,146.07, or 9.9%.
The S & P is 89.68, or 7.1%.
The Nasdaq is 175.36, or 6.6 per cent.
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