Stocks Fall ahead of Monthly Jobs Report

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[piggy bank with a downward trending tail]

Stocks Fall ahead of Monthly Jobs Report (Bloomberg)

In advance of tomorrow’s release of the government’s monthly jobs report, stocks fell today, led by consumer and technology shares. “The market still wants to be positive and has this feeling of goodwill, but at times it runs into a little bit of resistance,” Robert Pavlik, chief market strategist at Banyan Partners LLC, said. “Nobody wants to buy at an all-time high, and that’s where we are. People are a little bit more cautious. As we get closer to the payroll report, we’ll be in wait and see mode.”

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