NEW YORK - Stocks are tumbling in midday trade on signs as the economy slows.
Private employers added 38,000 jobs in may, down from 177 000 in April, ADP payroll processor said. It is the result of lower since September.
Same manufacturing, one of the points of light of the economy since the end of the recession, is losing momentum. Manufacturing grew last month at his pace slower since September 2009, the Institute for supply management said Wednesday.
The Dow Jones index is down to items 142 to 12,427. The & S P 500 is 14 to 1,331, and the Nasdaq is down 24 at 2,811.
The yield on the note of 10 years of the Treasury Board is less than 3% for the first time in 2011. Treasury gives fall when prices rise, which occurs when investors seek safer investments.
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