Stocks slide as investors await jobs report

AP News
Posted: Nov 05, 2013 9:53 AM
Stocks slide as investors await jobs report

NEW YORK (AP) — Stocks are moving lower in early trading on Wall Street as investors await the government's October jobs report.

The Labor Department's closely watched monthly survey was delayed a week by the 16-day partial shutdown of the U.S. government. The report is due out Friday.

The Dow Jones industrial average was down 90 points, or 0.6 percent, to 15,543 after the first few minutes of trading Tuesday.

The Standard & Poor's 500 index was down nine points, or 0.5 percent, to 1,758 and the Nasdaq composite was down 19 points, 0.5 percent, to 3.917.

European markets fell after the European Commission predicted only tepid economic growth for the region.

Hospital operator Tenet Healthcare fell after reporting a smaller profit as it absorbed costs related to its acquisition of Vanguard Health Systems.