Bad News About Jobs Spooks Markets

By: AP
By: AP
To join the conversation on this story and others, "like" our KKTV 11 News Facebook page!

NEW YORK (AP) -- Stocks are opening lower on Wall Street on disappointing jobs reports in both Europe and the U.S.

The Dow is down 55 points to 13,224 in the opening minutes of trading Wednesday. The day before it closed at the highest point in four years.

The broader Standard & Poor's 500 index is down 8 points at 1,398. The Nasdaq composite index is down 15 points at 3,035.

In the 17 countries that use the euro, unemployment climbed to 10.9 percent in March, the highest since the euro was launched in 1999.

In the U.S., payroll processor ADP says U.S. businesses slashed hiring in April, creating 119,000 jobs compared to 201,000 in March. The report covers only private sector hiring, and can differ from official government figures, which are due Friday.

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 149832385 -
Gray Television, Inc.