Wednesday, April 3, 2013

Stocks Slip On Dour News

Dow down 100 points.

excerpt from the Wall St Journal:
Stocks extended losses after the Institute for Supply Management's reading on the U.S. non-manufacturing sector came in worse than expected—slipping to its lowest level since August 2012—and employment slowed as well.
A disappointing report on private-sector jobs growth for March also cast a pall on Tuesday's optimism. Data compiled by Automatic Data Processing and Moody's Analytics showed an increase of 158,000 jobs on the month, well below the 192,000 expected.