Stocks wobble, Nasdaq sinks as gold rallies: Stock market news today

U.S. stocks were mostly down, with tech stocks sinking more markedly, after another hiring report showed a slowdown in private-sector job growth and a separate print showed growth at U.S. service providers also experienced a pullback.

The S&P 500 (^GSPC) moved down 0.25%, while the Dow Jones Industrial Average (^DJI) added a modest 0.24%. The technology-heavy Nasdaq Composite (^IXIC) dipped 1.07%.

Treasury yields moved down sharply. The yield on the 10-year note slid to 3.303%. The move came after a weak ADP payrolls report on private-sector job growth.

Meanwhile, on the commodities front, gold futures (GC=F) are hovering at their highest level in more than a year — and nearing a record high — amid the signs of softening in the labor market. Crude oil (CL=F), which jumped on Monday, fell to hover around $80 a barrel.

The S&P 500 closed down 0.6% on Tuesday after new data showed fresh signs of the labor…

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