US STOCKS-S&P 500 ends at another record; data puts jobs in focus

miércoles 2 de abril de 2014 16:55 GYT

* ADP employment below estimate; previous month revised up

* Factory orders rebound in February

* MannKind shares soar as diabetes drug gets FDA backing

* Dow up 0.2 pct; S&P 500 up 0.3 pct; Nasdaq up 0.2 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, April 2 (Reuters) - The S&P 500 closed at another record high on Wednesday as signs of steady private-sector hiring suggested that the economy was slowly building momentum after a winter-related pullback.

That also put more focus on Friday's government jobs data, which is among the most widely watched economic indicators.

"There's positioning ahead of that report," said Bucky Hellwig, senior vice president of BB&T Wealth Management in Birmingham, Alabama.

He also said "there was money moving in at the end of the quarter so now there's an upward bias."   Continuación...