While you were sleeping: Equities drop on data

Wed, 04 May 2016

By Margreet Dietz May 5 (BusinessDesk) - Wall Street declined as worse-than-expected US economic data and disappointing earnings bolstered concern about the outlook for corporate profits. An ADP national employment report showed that US companies added 156,000 jobs in April, the smallest increase in three years, followed a revised 194,000 gain in the prior month. “The job market appears to have stumbled in April,” Mark Zandi, chief economist at Moody’s Analytics in West Chester, Pennsylvania, said in a statement, according to Bloomber...

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