NEW YORK (AP) — Stocks are falling in early trading, one day after a late surge prevented the S&P 500 from entering a bear market.
European indexes rose broadly Wednesday following reports that European officials are exploring a joint effort to support the region’s struggling banks. That could limit the damage to the financial system should the Greek government default on its debt.
In the U.S., payroll processor ADP said private companies added 91,000 jobs in September. That was a slight gain from August.
Five minutes after the opening bell, the Dow was down 28 points, or 0.3 percent, to 10,779. The S&P 500 fell 5, or 0.5 percent, to 1,119. The Nasdaq lost 19, or 0.8 percent, to 2,386.