US STOCKS-Wall St edges up after data, S&P 500 holds at record

miércoles 2 de abril de 2014 13:14 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 0.1 pct, S&P 0.2 pct, Nasdaq 0.1 pct (Updates to afternoon, changes byline)

By Caroline Valetkevitch

NEW YORK, April 2 (Reuters) - U.S. stocks inched higher on Wednesday, pushing the S&P 500 to another intraday record, after data suggested the economy was slowly building momentum after a winter-related pullback earlier in the year.

Eight of 10 S&P 500 sectors were in positive territory, though gains were limited following a recent push to new highs.

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 earlier this year was easing.

Separately, orders for manufactured goods jumped 1.6 percent in February, the biggest rise since 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.   Continuación...