Stocks are held back by weak payroll report

NEW YORK (AP) ? Stocks are little changed shortly after the opening bell on Wall Street following a weak survey on hiring last month.

The Dow Jones industrial average edged up down 10 points, or 0.07 percent, to 14,649 early Wednesday.

The Standard & Poor's 500 index was off a point at 1,568. The Nasdaq composite was up a point at 3,256.

Payroll processor ADP said its survey shows U.S. companies added fewer jobs in March compared with the previous month as construction firms held off on hiring.

Agricultural products company Monsanto rose 1 percent to $105 after reporting a 22 percent jump in earnings thanks to strong sales of seeds.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-04-03-Wall%20Street-Open/id-7518ddabedbd46978572927978493745

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