US STOCKS-Wall St declines after data; automakers fall

miércoles 1 de abril de 2015 17:51 GYT
 

* S&P 500, Nasdaq start second quarter with losses

* Ford, GM report lower March sales

* ADP data misses estimates, raising payroll concerns

* Indexes down: Dow 0.4 pct, S&P 0.4 pct, Nasdaq 0.4 pct (Updates close with GoDaddy shares up, Q1 profit estimate details, Micron shares down after the bell)

By Caroline Valetkevitch

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

Leading the day's declines for a second day was the S&P health care sector, which fell 1.2 percent. Health care was the strongest sector in the first quarter, appreciating 6.2 percent.

Shares of automakers also declined after reporting March sales. Shares of General Motors were down 2 percent at $36.74 while Ford was down 1.4 percent at $15.91 as sales dipped at both companies.

U.S. private employers added the smallest number of workers in more than a year in March and factory activity hit a near two-year low, fresh signs that economic growth slowed significantly in the first quarter.   Continuación...