The S&P 500 Index ($SPX) (SPY) today is down -0.21%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.64%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.03%.
Stocks today are moving lower, with the Dow Jones Industrials falling to a 2-week low. Signs of weakness in the US labor market have fueled growth concerns and are negative for stocks today after the Aug ADP employment change showed employers added the fewest jobs in 3-1/2 years. Stocks also came under pressure after T-note yields rose from a 1-month low and moved higher after the Aug ISM services index unexpectedly increased, a hawkish factor for Fed policy.
