US STOCKS-Wall St falls after data; first quarter's winners dip

miércoles 1 de abril de 2015 14:07 GYT

* S&P 500, Nasdaq ease off a 9th quarter of gains

* ADP data misses estimates, raising payroll concerns

* Indexes down: Dow 0.4 pct, S&P 0.4 pct, Nasdaq 0.6 pct (Updates to early afternoon)

By Caroline Valetkevitch

NEW YORK, April 1 (Reuters) - U.S. stocks eased on Wednesday as a pair of weaker-than-expected economic indicators spurred concerns over economic growth ahead of Friday's jobs report.

Leading the decline were some of the sectors with the strongest gains in the first quarter. The S&P health care sector fell 1.6 percent. It was the strongest sector in the first quarter, appreciating 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. A separate report showed the pace of U.S. manufacturing growth fell in March to its slowest in almost two years.

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.   Continuación...