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.
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