Stock Market Today: ADP Jobs Report Disappoints

Garrett Baldwin

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.

Garrett Baldwin

About the Author

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Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.

Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.

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