Wall Street spooked by jobs data, Dow Jones dives 366 points
NEW YORK, New York - Posting ADP jobs data ahead of Friday's official employment report came in positive Thursday. However rather than fire up markets, the data underscored the prospect of the Fed reuming rate rises, so the major indices hit the dust.
"The market clearly would have preferred an in-line number," John Lynch, chief investment officer at Comerica Wealth Management told CNBC Thursday. "But because it