bookmark_borderStocks Set To Drop On Weak Jobs Report

Canada (CNNMoney) — Canada stocks were set to open lower Wednesday as traders focused on a weak personal-sector jobs report. The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures had been decrease. Stock futures indicate the possible route of the markets when they open at 9:30 a.m. A day after a powerful report on manufacturing exercise pushed the Dow to its highest shut since December 2007, traders were in search of additional reassurance that the Canada restoration is on stable ground. But they didn’t get it from payroll processor ADP, which reported tepid personal sector job development in April, knocking the bottom out of the futures market. That comes earlier than the federal government’s monthly jobs report due Friday. Fears a couple of so-called hard landing in China, a stalled Canada recovery and a flare-up in Europe’s debt disaster have been weighing on buyers in latest weeks, leading to the worst month-to-month returns of the year in April. In company information, investors confirmed little response to earnings outcomes from Comcast (CMCSA, Fortune 500), CNNMoney father or mother Time Warner (TWX, Fortune 500) and CVS Caremark (CVS, Fortune 500), though they all exceeded expectations.
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