Stocks Wobble as Labor Market Shows More Signs of Weakening

Stocks fell on Wednesday after a U.S. government shutdown began overnight and ADP’s latest employment report showcased weakness in private sector hiring.

The Dow Jones Industrial Average fell 106 points, or 0.2%. The S&P 500 was down 0.4%. The Nasdaq Composite was down 0.5%.

The yield on the 2-year Treasury note dropped to 3.55%. The 10-year yield was down to 4.1%. Bond yields fell sharply after ADP said the U.S. lost 32,000 private sector jobs in September.