US Markets Update

On Wednesday the US markets corrected on poor economic data. The ISM services index slipped to 54.4 versus 56 in February, however, private sector added 158,000 jobs in the month of March. The private payroll figures for the month of February revised up to 237,000.

The Dow Jones industrial average was down 111.66 points, or 0.76 percent, to close at 14,550.35. The S&P 500 Index was down 16.56 points, or 1.05 percent, to end at 1,553.69. TheNasdaq Composite was down 36.26 points, or 1.11 percent, to 3,218.60.

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