While you were sleeping: Stocks slip before US payrolls

Thu, 03 Mar 2016

By Margreet Dietz March 4 (BusinessDesk) - Wall Street fell as investors eyed the US government’s nonfarm payrolls report on Friday to help adjust their expectations for the path of Federal Reserve interest rate increases this year. After stronger-than-expected gains in the ADP Research Institute jobs report released on Wednesday, a Labor Department report showed initial claims for state unemployment benefits unexpectedly rose, increasing 6,000 to a seasonally adjusted 278,000 for the week ended February 27. Separately, the Institute...

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