Wednesday

All three major indexes continued to drop today as we wrapped up the second quarter of trading for the year. An upbeat reading on Chicago-area manufacturing activity and an uplifting European Central Bank auction encouraged investors, but disappointing data on U.S. private-sector employment pulled the market down. A report from Automatic Data Processing said private-sector jobs in the U.S. increased by 13,000 last month - much less than the gain of 60,000 expected by economists. In other markets, the euro strengthened today, while the U.S. Dollar Index fell slightly. DJIA -96.28 Nasdaq -25.94 S&P 500 -10.53.