National

Sep 2, 2009 5:04 PM by Associated Press

Stocks fade as traders worry about unemployment

Stocks have extended a slide as investors worry that a weak job market will trip up a recovery in the economy.

Stocks have ended moderately lower Wednesday as a private sector report on unemployment fans worries about what is widely seen as the biggest problem facing the economy.

The ADP National Employment Report says employers are cutting fewer workers, but also notes that layoffs are likely to continue.

The Dow is down 30 points at 9,281 after tumbling 186 points Tuesday on worries about banks. The Standard & Poor's 500 index is down 3 at 995. The Nasdaq composite index is down 2 at 1,967.

Three stocks fell for every two that rose on the New York Stock Exchange, where volume came to 1.4 billion shares.

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