By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — U.S. stocks fell sharply Wednesday for a second day after another upbeat report on the U.S. jobs market failed to stem concern after a weak Spanish bond sale.
“We’re not out of the woods with Europe yet,” said Nick Raich, director of research with Key Private Bank. “That’s a real economy too; that’s not Greece,” Raich added of Spain, and its escalating borrowing costs.
The Dow Jones Industrial Average DJIA -0.88% fell 104.70 points to 13,094.80.
The S&P 500 Index SPX -0.90% declined 11.06 points to 1,402.32.
The Nasdaq Composite COMP -1.11% retreated 28.47 points to 3,085.10.
For every stock rising nearly six fell on the New York Stock Exchange, where 89 million shares were traded as of 9:50 a.m. Eastern.
Figures from ADP had payrolls up by 209,000 in March after a revised 230,000 gain in February.
