Stocks stumble as traders seek safety

It's risk off for investors as stocks slip and safe havens were the trade of the day. Catch The Final Round at 4 P.M. ET as Jen Rogers and Nicole Sinclair break down today's action.

Investing in a low-growth, low-rate world

For more on the markets and where investors should turn from here, we're joined by Mark Spellman, portfolio manager at Alpine Funds, which has $4 billion in assets under management. Spellman tells us how he's trading in a low-growth, low-rate world.

Winners and losers

Stocks slipping in today's trading include General Motors on weak April auto sales, online lender On Deck Capital getting shellacked after earnings, and Pitney Bowes tumbling after an earnings and revenue miss. The company says it did not execute in its Software Solutions business.

On the flipside, stocks moving higher today include Pfizer on its strong earnings report; fellow drugmaker Mallincrodt on better-than-expected profit guidance; and Yelp after hedge fund manager David Einhorn revealed a new stake in the company, giving it a "five star" review.

Looking ahead

• Before the opening bell, we'll get a possible preview of Friday's big jobs report with ADP's private employment report. The consensus reading is for 193,000 jobs created.

• At 10 A.M., ISM will release its non-manufacturing index for the month of April. This report of the U.S. services industry is expected to hit 54.7, a slight uptick from the prior month.

• Finally, we'll get another crucial piece of data for the oil trade with EIA Crude Inventory report. Last week we saw a build of 2 million barrels.