NEW YORK (AP) — Stocks are edging lower in early trading after a sell-off Tuesday sent the S&P 500 to its lowest level of the year.
Before the market opened, payroll processor ADP said private companies added 114,000 jobs last month. The number was within Wall Street’s forecasts. Concerns about the economy have sent stocks lower recently.
MasterCard and CBS are each up more than 2 percent after their quarterly results beat analyst estimates.
Shortly after the market opened Wednesday, the Dow Jones industrial average is down 30 points, or 0.3 percent, to 11,836. The S&P is down 3 at 1,251. The Nasdaq composite is down 3, or 0.1 percent, to 2,666.