US STOCKS-Wall St falls as tepid data adds to growth worries

miércoles 4 de mayo de 2016 15:43 GYT

* ADP report shows 156,000 jobs added in April vs. est. 196,000

* Priceline falls after forecast misses expectations

* Indexes down: Dow 0.6 pct, S&P 0.6 pct, Nasdaq 0.7 pct (Updates to late afternoon)

By Caroline Valetkevitch

May 4 (Reuters) - U.S. stocks declined for a second day on Wednesday, weighed down by tepid data on private sector U.S. jobs and weaker-than-expected results from companies including Priceline.

The ADP private sector employment report showed hiring in April fell to its lowest levels in three years. The report acts as a precursor to the more comprehensive government nonfarm payrolls data, which is expected on Friday.

Shares of Priceline fell 9.5 percent to $1,225.54, the biggest drag on the S&P and the Nasdaq. The online travel services company's forecast fell short of expectations.

The S&P 500 is still up slightly for the year so far after its recent rally back from sharp losses at the start of the year.

"The market is absorbing the move from the February bottom. That would make sense to me at this point, given the seasonality and that the market came close to its all-time high. I'm seeing a lot of comments on 'sell in May and go away,'" said Bruce Zaro, chief technical strategist, Bolton Global Asset Management in Boston.   Continuación...