U.S. stocks finish with limited losses; Nasdaq up

NEW YORK (MarketWatch)
U.S. stocks closed mostly lower Wednesday after easing from sharp declines that followed a disappointing jobs report from ADP Employer Services
"The weak data somehow threw some more pixie dust on us, with some wondering where the next Bernanke put is," Peter Boockvar, equity strategist at Miller Tabak, said of what he views as a faulty notion that the Federal Reserve might step in with more quantitative easing based on soft economic data, including Wednesday's ADP report
But Boockvar believes both the economy and the U.S. stock market would have to be in far worse shape for the Fed to step in
"I don't think 1,400 is the new Bernanke put level," he said of the S&P 500
After an 87-point drop, the Dow Jones Industrial Average fell 10.75 points, or 0.1%, to 13,268.57
The S&P 500  retreated 3.51 points, or 0.3%, to 1,402.31
The Nasdaq Composite rose 9.41 points, or 0.3%, to 3,059.85