Shares of Automatic Data Processing Inc. ADP, -0.74% slid 4.51% to $218.56 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.57% falling 3.56% to 4,146.87 and Dow Jones Industrial Average DJIA, -0.30% falling 3.12% to 32,997.97. The stock’s fall snapped a three-day winning streak. Automatic Data Processing Inc. closed $30.40 short of its 52-week high ($248.96), which the company reached on December 29th.
Despite its losses, the stock outperformed some of its competitors Thursday, as Accenture PLC Cl A ACN, -0.99% fell 5.13% to $298.70, Intuit Inc. INTU, -3.45% fell 8.50% to $409.86, and Paychex Inc. PAYX, -0.35% fell 5.95% to $124.59.true Trading volume (2.1 M) eclipsed its 50-day average volume of 2.0 M.