London Stock Exchange

Weak U.S. hiring report sends stocks lower

Weak U.S. hiring report sends stocks lower

U.S. and global stock indexes moved lower for a second day Wednesday following a dismal report on job creation that gave investors concern over the state of the economy. That data followed a round of economic news out of China and Europe on Tuesday that also suggested sluggish growth.

The Dow Jones industrial average fell 99.65 points, or 0.6%, to 17,651.26. The Standard & Poor's 500 index sank 12.25 points, or 0.6%, to 2,051.12 and the Nasdaq composite dropped 37.58 points, or 0.8%, to 4,725.64.

Stocks started lower and remained there throughout the day after payroll processor ADP released a survey showing that U.S. companies hired...