US STOCKS-Wall St flat after strong jobs data; utilities down

miércoles 2 de julio de 2014 12:57 GYT
 

* ADP jobs data much better than expected

* Rackspace shares up on report it may go private

* JPMorgan shares slip as CEO Dimon says will be treated for cancer

* Dow, S&P 500, Nasdaq up 0.1 percent or less (Updates prices, adds Constellation Brands)

By Rodrigo Campos

NEW YORK, July 2 (Reuters) - U.S. stock indexes were little changed on Wednesday, with the Dow stalling below the 17,000 level even after data showed the U.S. private sector created many more jobs than expected last month.

At its session high, the Dow was within 15 points of the 17,000 milestone, and the S&P 500 was less than 1.5 percent away from 2,000. Both round-number levels could serve as psychological barriers as the market trades at record highs.

U.S. private employers hired 281,000 workers in June, marking the biggest monthly increase since November 2012 and far exceeding market expectations for 200,000, data from payrolls processor ADP showed. The number bodes well for the government's June payroll data due Thursday.

"We're looking for a bit of a snapback in the economy and this is certainly data that points in that direction," said Art Hogan, chief market strategist at Wunderlich Securities in New York.   Continuación...