U.S. stocks finished lower on Wednesday after erasing earlier gains as investors awaited further labor-market data this week following weaker-than-expected November private-sector job figures.What happened
The Dow Jones Industrial Average
DJIA
finished down by 70.13 points, or 0.2%, at 36,054.43.
The S&P 500
SPX
ended off by 17.84 points, or 0.4%, at 4,549.34.
It was the third straight day of declines for both indexes.
The Nasdaq Composite
COMP
closed down by 83.20 points, or 0.6%, at 14,146.71.
What drove markets U.S. businesses added 103,000 new jobs in November, paycheck company ADP said, in another sign of slower hiring and a softer U.S. labor market. That was below the 128,000 consensus forecast from economists polled by The Wall Street Journal.
The ADP payroll estimate is usually not a reliable predictor of the U.S. Bureau of Labor Statistics’ more comprehensive and closely watched employment report, which comes out Friday at 8:30 a.m. Eastern time. But both surveys have signaled a deterioration in the jobs market that could support the soft …
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The Dow Jones Industrial Average
DJIA
finished down by 70.13 points, or 0.2%, at 36,054.43.
The S&P 500
SPX
ended off by 17.84 points, or 0.4%, at 4,549.34.
It was the third straight day of declines for both indexes.
The Nasdaq Composite
COMP
closed down by 83.20 points, or 0.6%, at 14,146.71.
What drove markets U.S. businesses added 103,000 new jobs in November, paycheck company ADP said, in another sign of slower hiring and a softer U.S. labor market. That was below the 128,000 consensus forecast from economists polled by The Wall Street Journal.
The ADP payroll estimate is usually not a reliable predictor of the U.S. Bureau of Labor Statistics’ more comprehensive and closely watched employment report, which comes out Friday at 8:30 a.m. Eastern time. But both surveys have signaled a deterioration in the jobs market that could support the soft …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]