04 May '11, 9pm

US stocks mixed after new jobs data

US stocks mixed after new jobs data

US stocks were generally lower but tech stocks rose slightly on Wednesday following disappointing new data on job creation last month and broad declines in Asian and European markets. -- PHOTO: AFP NEW YORK - US STOCKS were generally lower but tech stocks rose slightly on Wednesday following disappointing new data on job creation last month and broad declines in Asian and European markets. The blue-chip Dow Jones Industrial Average opened off 13.55 points (0.11 per cent) at 12,793.96 in the first minutes of trade, after trading flat on Tuesday. The broader S&P 500 index fell 2.10 points (0.15 per cent) to 1,354.52, while the tech-rich Nasdaq Composite rose 2.18 points (0.08 percent) to 2,843.80 Payrolls firm ADP said private companies added 179,000 jobs, slowing from 207,000 net new jobs in March. Analysts had projected that nonfarm payrolls would grow by 200,000 in March....

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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