Stock Market Today: ADP Jobs Report Disappoints

Stock market today, April 2, 2014: The Dow Jones Industrial Average climbed 74.95 points yesterday to finish at 16,532.61. The Nasdaq increased 69.05 points finishing at 4,268.04, while the S&P 500 hit a new record yesterday before settling at 1,885.52.

Now here are the five biggest stories moving markets today:

Five Biggest Stories in Today's Stock Market, April 2, 2014

  • Another "Weather" Delay: Despite high hopes for this month's jobs report, the U.S. economy created 191,000 new private-sector jobs last month, according to the ADP National Employment Report. The figure was lower than expected by economists surveyed by Bloomberg who projected 195,000. The report did feature a sharp upward revision of February jobs, to 178,000 from 139,000. The report states that in March, small businesses created 72,000 jobs, medium-sized firms opened 52,000 positions, and large companies created 67,000 new jobs during the month. Investors will now await official confirmation on the unemployment situation with Friday's jobs report approaching.

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