NEW YORK (AP) — Stocks are falling on the last day of the quarter after another disappointing report on the jobs market.
Payroll company ADP says private employers added just 13,000 jobs in June. That’s well short of the 60,000 forecast by economists polled by Thomson Reuters.
The weak jobs report Wednesday falls into a trend that was seen throughout the quarter and helped lead to a brutal three-month stretch. The Dow Jones industrial average is down 9.1 percent during the second quarter. Investors have been routinely disappointed by economic data that showed the economy’s recovery is slow and choppy.
The Dow is down 12.84, or 0.1 percent, at 9,857.46. The Standard & Poor’s 500 index is down 0.85, or 0.1 percent, at 1,040.39, while the Nasdaq composite index is down 0.83, or less than 0.1 percent, at 2,134.35.
