Stocks Keep Plunging

Dow down 100 at midday
By Kevin Spak,  Newser Staff
Posted Aug 3, 2011 10:18 AM CDT
Traders works on the floor of the New York Stock Exchange during morning trading on August 3, 2011 in New York City.   (Getty Images)

(Newser) – Stocks kept on sliding this morning, after a better-than-expected labor report failed to reassure investors. Private employers added 114,000 jobs in July according to ADP, yet as of 11:18, the Dow was down 102 points, according to MarketWatch, with the S&P down 7.46 points and the Nasdaq down 13.16 points. “The market is more focused on the economy than anything else, and what we’ve been getting here is data that is slower,” said one Wells Fargo analyst.

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