MIDDAY LUNCH

Dow  10892.30  -15.12, Nasdaq 2413.33  +2.64, S&P 1173.54  +0.27 

The market has been able to move upwards from session lows, but has not been able to get to the plus side.

Stocks fell on disappointment over a discouraging ADP employment report and a worse-than-expected Chicago PMI reading. Those reports have overshadowed a weaker dollar, which is down -0.6%.

Te latest ADP Employment Report showed that -23,000 private payrolls were shed in March economist had expected an addition of +40,000 jobs.  The report had made traders concerned about the official nonfarm payrolls report which economist expect to show an increase of +185,000 to payrolls.  The government's official report is due Friday.

News that the Obama administration proposed allowing offshore oil and natural gas exploration in part of the Gulf of Mexico has given a boost to drillers +2.2%, which have sent the energy sector to a +0.7% gain.