Stocks Slide for Second-straight Day

U.S. stocks declined for a second consecutive session on Wednesday, as traders locked-in profits from a solid run last month, and took a cautious stance ahead of the monthly jobs report due Friday. The Dow Jones Industrial Average dropped 106.47 points, or 0.58%, to 18,096.90. The S&P 500 fell 9.25 points, or 0.44%, to 2,098.53. The Nasdaq Composite was down 12.76 points, or 0.26%, to 4,967.14.

A vote to override President Barack Obama’s veto of a bill to build the Keystone XL pipeline failed in the Senate on Wednesday. There were 62 senators who voted to override Obama’s veto of the proposed project, short of the two-thirds majority needed.

The U.S. dollar hit an 11-year high against the euro Wednesday after pushing through a key technical threshold, shrugging off a weaker-than-expected ADP jobs report and strong eurozone reports. The euro (EURUSD) tumbled to $1.1073, its lowest level since late 2003.