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US STOCKS-Wall St opens down on job woes, economy
Reuters - Friday, September 5
NEW YORK, Sept 4 - U.S. stocks fell at the open on Thursday as weak U.S. labor market data sparked concern about the profit outlook and sent the Dow industrials down 1 percent.
A government report showed an unexpected jump in the number of people filing for jobless benefits in the recent week, while a report by ADP Employer Services showed that U.S. private employers cut 33,000 jobs in August.
The Dow Jones industrial average <.DJI> was down 116.26 points, or 1.01 percent, at 11,416.62. The Standard & Poor's 500 Index <.SPX> was down 9.51 points, or 0.75 percent, at 1,265.47. The Nasdaq Composite Index <.IXIC> was down 21.76 points, or 0.93 percent, at 2,311.97
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