Stocks set up for another day of losses at Wednesday’s opening bell. It will be a busy day for economic data ahead of Friday’s much anticipated jobs report. Ahead of the open, the ADP data, which is considered a precursor to the Labor Department’s report showed a slowdown in growth. The private sector added fewer than expected jobs in February with a gain of 212,000. Target (TGT) is eliminating thousands of jobs. It’s part of the retailer’s restructuring plan to cut $2 billion in costs. General Electric’s (GE) CEO Jeff Immelt is still in focus, a day after a Barclays analyst suggested changes at the top. The Wall Street Journal says Immelt is losing favor with some investors due to his bet on oil in light of falling prices.
Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV
For more content from TheStreet visit: http://thestreet.com
Check out all our videos: http://youtube.com/user/TheStreetTV
Follow TheStreet on Twitter: http://twitter.com/thestreet
Like TheStreet on Facebook: http://facebook.com/TheStreet
Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet
Follow TheStreet on Google+: http://plus.google.com/+TheStreet
