US STOCKS-Wall St edges lower after ADP report
* S&P 500, Nasdaq coming off 9th quarterly rise
* ADP data misses expectations, raising payroll concerns
* Indexes down: Dow 0.4 pct, S&P 0.3 pct, Nasdaq 0.3 pct (Updates to market open)
By Ryan Vlastelica
NEW YORK, April 1 (Reuters) - U.S. stocks dipped at the open on Wednesday as a weaker-than-expected report on private sector employment raised concerns that Friday's impending jobs report could also point to worsening conditions in the labor market.
The ADP National Employment Report showed that U.S. private employers added 189,000 jobs last month, well below economists' expectations for 225,000 jobs. The report was the weakest since January 2014.
The private employment reading precedes Friday's jobs data, the most widely watched indicator of the week, though that arrives on Good Friday when the stock market will be closed. The inability of market participants to trade off that report could generate some volatility going into the holiday.
"The correlation between ADP and the payroll report isn't terribly strong, but given the size of the miss, this could cause investors to pause and reassess the landscape," said David Lebovitz, global market strategist for J.P. Morgan Asset Management in New York.
Data due through the week will be studied for indications on whether economic growth is brisk enough to spur the U.S. Federal Reserve to begin raising interest rates sooner than expected. Continuación...