US STOCKS-Wall St rises modestly after data, holds at record high

miércoles 2 de abril de 2014 10:45 GYT

* ADP employment below estimate, prior month revised up

* Factory orders rebound in February

* MannKind shares soar as diabetes drug gets FDA backing

* Indexes up: Dow 0.05 pct, S&P 0.11 pct, Nasdaq 0.14 pct (Adds data, updates prices)

By Chuck Mikolajczak

NEW YORK, April 2 (Reuters) - U.S. stocks made modest gains on Wednesday and the S&P 500 held near its record high of the prior session after data suggested the economy is recovering from a winter-driven slowdown.

U.S. private employers added 191,000 workers in March, slightly below the 195,000 forecast, while gains in the prior month were revised to 178,000 from a previously reported 139,000, signaling that a winter-related impact on job growth, seen earlier in the year, was easing.

Separately, orders for manufactured goods jumped 1.6 percent in February, the biggest rise since last September and above a 1.2 percent estimate. January's orders were revised to show a larger 1.0 percent drop instead of the previously reported 0.7 percent fall.

Still, investors may be looking for stronger evidence of economic improvement to push equities higher after the benchmark S&P index closed at a record high on Tuesday.   Continuación...