LITTLE ROCK, Ark. (Arkansas Business) -- Weak reports on hiring and service industries sent the stock market sharply lower Wednesday, giving the Dow its worst day in more than a month.
The stock market started 2013 with a rally as investors became more optimistic about the U.S. economy, especially housing and jobs.
But the reports on Wednesday disappointed the market.
Among them: payrolls processor ADP reported that U.S. employers added 158,000 jobs last month, down from February's gain of 237,000.
The slowdown in hiring was due in part to construction firms holding back on adding new employees.
We'll get a fuller picture of employment on Friday, when the government issues its March unemployment report.
Lobbying group joining in-state tuition for illegal immigrants fight
Here in Arkansas, the state's largest business lobbying organization is joining advocates in urging Arkansas lawmakers to approve extending cheaper in-state tuition rates to some students who came to the country illegally.
The head of the Arkansas Chamber of Commerce on Wednesday announced his group is backing the proposal by Democratic Sen. Joyce Elliott to grant in-state tuition rates anyone who has attended an Arkansas high school for at least three years and has an Arkansas high school diploma or general education diploma in the state.
Chamber President Randy Zook, University of Arkansas at Little Rock Chancellor Joel Anderson and other advocates briefed the Senate on Elliott's proposal yesterday.
Elliott's proposal is pending before a Senate committee.
Changes coming to UAMS dean of College of Medicine
And changes coming to the University of Arkansas for Medical Sciences.
UAMS announcing that Dr. Debra Fiser, dean of its College of Medicine, will step down as dean April 30 to return full time to the Department of Pediatrics.
UAMS Chancellor Dr. Dan Rahn announced the move in an e-mail. Fiser has been dean of the college for seven years.
While dean, she established the divisions of genetics and biomedical informatics, and she oversaw development of College of Medicine programs at UAMS' campus in northwest Arkansas. She was the college's first woman dean.