US stocks follow global markets lower

Agence France-Presse

9:51 pm | Wednesday, June 5th, 2013

AP FILE PHOTO

WASHINGTON — Wall Street stocks opened lower Wednesday following a global rout as weaker-than-expected data on private jobs creation underscored weakness in the US economy.

Five minutes into trade, the Dow Jones Industrial Average was down 43.17 points (0.28 percent) at 15,134.37.

The broad-based S&P 500 lost 4.54 (0.28 percent) at 1,626.84, while the tech-rich Nasdaq Composite fell 8.49 (0.25 percent) to 3,436.77.

Providing a possible picture for the official May job creation and unemployment numbers to be released Friday, payroll firm ADP reported Wednesday that the US private sector added 135,000 jobs in May, less than the 157,000 jobs analysts had expected.

Follow Us

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Short URL: http://business.inquirer.net/?p=125457

Tags: Business , economy , US stocks

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

seo tools