US STOCKS-Wall St ends flat ahead of payrolls; S&P at record

miércoles 2 de julio de 2014 16:26 GYT
 

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By Ryan Vlastelica

NEW YORK, July 2 (Reuters) - U.S. stocks ended one of their flattest sessions in years on Wednesday as a positive read on private sector employment wasn't enough to interest buyers ahead of the highly anticipated June payrolls report.

Trade was quiet, with volume low and the S&P's intra-day range a mere 0.2 percent, the narrowest since 1993, according to research firm MKM Partners. Nonetheless, the miniscule gains on the Dow and S&P 500 allowed the indexes to end at record highs.

The Dow ended 0.2 percent below 17,000, moving within 15 points of that milestone at its session high, while the S&P 500 was less than 1.5 percent under its own landmark of 2,000. Both levels could serve as psychological barriers as the market trades at record highs.

U.S. private employers hired 281,000 workers in June, far exceeding expectations for 200,000, data from payrolls processor ADP showed. The number bodes well for the government payroll data due before the market opens on Thursday. A gain of about 212,000 jobs is expected in that report, down from May's 217,000.   Continuación...