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Business

Markets fear taper on good news

By
Post Staff Report
Published Dec. 4, 2013, 12:04 p.m. ET

Good news is bad for equities and bonds.

Stock futures moved lower after ADP released its private-sector employment report showing employers added 215,000 last month, better than forecasts for 178,000.

Futures for the Dow Jones industrial average index were last down 24 points, or 0.2, to 15,867, while those for the S&P 500 index fell 4.25 points, or 0.2%, to 1,787. Futures for the Nasdaq-100 index NDZ3 -0.28% slipped 4.25 points, or 0.1%, to 3,471.50.

The US 10-year bond was down 2 percent with a yield of 2.845.