Wall Street falls on disappointing data
NEW YORK (Reuters) – Stocks were lower on Wednesday as a weaker euro zone report heightened concerns about the region’s fiscal health and domestic data casts doubt on the strength of the economic recovery. A report by payrolls processor Automatic Data Processing showed U. S. private employers added 119,000 jobs in April, well short of expectations, ahead of Friday’s key payrolls report. Euro zone factories sank further into decline last month, with the downturn hitting Italy and Spain hard and appearing to take root in France and Germany. . . .
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