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Dow Lower After Poor Payrolls; Economy Grows Despite Bad Weather

The S&P closed flat on Wednesday and the Dow closed lower on weaker than expected payrolls data and a poor reading for the U.S. services sector. The Federal Reserve's Beige Book indicated the U.S. economy generally grew despite a slowdown in hiring due to severe weather. European Commission President Jose Manuel Barroso said the EU had offered Ukraine an aid package of at least 11 billion euros over the next few years and was ready to sign a trade deal with the region.