Stocks mixed at midday
UPDATED at 1 p.m. with recent numbers:
Stocks are mixed at midday, following some troubling employment news.
As of 1 p.m., the Dow is just above water.
The broader S&P 500 is up by the same amount and the tech-heavy Nasdaq is down two-tenths of 1 percent.
The ADP Employer Services Report, a private analysis of the nation's jobs situation that comes before Friday's government report on national unemployment, showed that private employers lost 84,000 jobs in December. The number was lower than November's but greater than expected.
All eyes will be on the Labor Department's December jobless report, set for Friday morning release, to see whether the unemployment rate -- which dropped from 10.2 percent in October to 10 percent in November -- will continue its downward trend, tick back up or remain unchanged.
-- Frank Ahrens
By
Frank Ahrens
|
January 6, 2010; 1:00 PM ET
Categories:
The Ticker
| Tags: ADP, Dow Jones, nasdaq, s&p 500
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