February 05, 2014- Stocks Look to Open Lower on Weak US Jobs Data

With a disappointing jobs report generating some negative sentiment, stocks are likely to move back to the downside in early trading on Wednesday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 36 points. The downward momentum for the markets comes on the heels of the release of a report from ADP and Moody's Analytics showing that employment in the U.S. private sector increased by slightly less than expected in the month of January. The report said private sector employment increased by 175,000 jobs in January following a downwardly revised increase of 227,000 jobs in December. Economists had expected private sector employment to rise by about 180,000 jobs compared to the addition of 238,000 jobs originally reported for the previous month.