US STOCKS-Wall St falls after data; first quarter's winners weaken
* S&P 500, Nasdaq ease off a 9th quarter of gains
* ADP data misses expectations, raising payroll concerns
* Indexes down: Dow 0.4 pct, S&P 0.4 pct, Nasdaq 0.6 pct (Adds ISM data)
By Ryan Vlastelica
NEW YORK, April 1 (Reuters) - U.S. stocks fell on Wednesday as a pair of weaker-than-expected economic indicators raised concerns that Friday's impending jobs report could also point to worsening conditions.
In the first session of the second quarter, some of the day's biggest losers were in the sectors that were the strongest during the first quarter. The S&P health care sector fell 1.6 percent; it was the strongest sector in the first quarter, up 6.2 percent. The consumer discretionary index , another big first-quarter gainer, fell 0.9 percent.
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. Separately, the pace of U.S. manufacturing growth fell in March to its slowest in almost two years, according to the Institute for Supply Management.
The reports precede 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. Continuación...