Stock Market News Today: Indexes slide as investors await jobs report

US stocks slipped Thursday with investors taking in this week's employment data and looking ahead to Friday's March jobs report.

Jobless claims for the last week were higher than expected, and private payrolls data on Wednesday came in below expectations for March, according to ADP. Additionally, the number of job openings dropped below 10 million in February for the first time in almost two years. Over the past year, the Federal Reserve has raised interest rates in a bid to cool inflation — which soared to a four-decade high last summer — though the labor market has largely remained resilient, complicating the Fed's efforts.

"We think the effect of the banking debacle still has not impacted employment. But this honeymoon will end as soon as the second quarter. Thus if somehow this March came in like a lion, April will exit like a lamb."Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Thursday:

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