Wall Street stock to open lower despite jobs data
NEW YORK (Reuters) – Wall Street stocks were looked likely to open lower open on Wednesday, despite good private sector payrolls data, as investors digested minutes from the latest Federal Reserve meeting published Tuesday suggesting further monetary stimulus action is unlikely. U. S. stock index futures briefly pared losses after the jobs data from payrolls processor ADP that showed U. S. private employers added 209,000 jobs in March, suggesting the labor market was continuing to strengthen. But it was not enough to boost market sentiment. . . .
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