US STOCKS-Wall St to open lower after ADP; services data on tap

miércoles 4 de marzo de 2015 10:09 GYT
 

* ADP misses February expectations, January revised higher

* Markit, ISM services data on tap

* Honeywell reaffirms outlook

* Futures off: Dow 46 pts, S&P 5.75 pts, Nasdaq 10 pts (Adds quote, data)

By Chuck Mikolajczak

NEW YORK, March 4 (Reuters) - U.S. stocks were poised for a lower open on Wednesday, putting the S&P 500 on track for a second straight decline, after a softer-than-expected report on the labor market and ahead of data on the services sector.

The ADP National Employment Report showed private employers added 212,000 jobs in February, short of the 220,000 forecast, although January's reading was revised upward to 250,000 from the initial 213,000.

Shortly after the opening bell, two readings on the services sector are expected with the final February reading of financial data firm Markit's Purchasing Managers Index at 9:45 a.m. (1445 GMT). The Institute for Supply Management's gauge on the services sector in February is scheduled for a 10 a.m. (1500 GMT) release.

Investors will deal with a flurry of economic data for the rest of the week, culminating with the Labor Department's February payrolls report, which will be used to help gauge the timing of an expected interest rate hike from the U.S. Federal Reserve.   Continuación...