U.S. markets closed
  • S&P 500

    4,577.11
    -85.74 (-1.84%)
     
  • Dow 30

    35,368.47
    -543.34 (-1.51%)
     
  • Nasdaq

    14,506.90
    -386.86 (-2.60%)
     
  • Russell 2000

    2,096.23
    -66.23 (-3.06%)
     
  • Crude Oil

    86.87
    +1.44 (+1.69%)
     
  • Gold

    1,813.20
    +0.80 (+0.04%)
     
  • Silver

    23.50
    +0.01 (+0.03%)
     
  • EUR/USD

    1.1326
    -0.0004 (-0.03%)
     
  • 10-Yr Bond

    1.8650
    +0.0930 (+5.25%)
     
  • GBP/USD

    1.3594
    -0.0004 (-0.03%)
     
  • USD/JPY

    114.6500
    +0.0650 (+0.06%)
     
  • BTC-USD

    42,340.04
    +15.34 (+0.04%)
     
  • CMC Crypto 200

    1,009.59
    +0.20 (+0.02%)
     
  • FTSE 100

    7,563.55
    -47.68 (-0.63%)
     
  • Nikkei 225

    27,866.52
    -390.73 (-1.38%)
     

Stocks End Sharply Lower

U.S. Market
Stocks started the fourth-quarter on a down note today after disappointing eurozone and U.S. manufacturing data.

The closely-watched ISM manufacturing index fell to 56.6 in September from 59.0 in August. Economists had expected a much more modest decline to 58.2.

The private sector added 213,000 jobs last month according to ADP. This was above both last month’s 204,000 gain and expectations for a 209,000 job increase. The report comes ahead of Friday’s payroll and unemployment rate report.

Manufacturing sector data from Markit pointed to a further slowing in the eurozone as its purchasing manager index dropped to 50.3 from 50.7 last month. Both and Germany and France had readings that were consistent with a contraction in manufacturing activity.

At market close the S&P 500, Dow and Nasdaq were down 1.3%, 1.4% and 1.6% respectively.

Stocks on the Move
Shares of ADP (ADP) fell over 14% after the firm the spun-off its dealer services segment, which provides management systems and digital marketing services to automotive dealerships. That business has been renamed CDK Global. The firm will receive an $825 million dividend in connection with the deal, and will use that cash for stock repurchases.