US STOCKS-Wall St falls as data adds to growth worries; biotechs down

miércoles 4 de mayo de 2016 16:36 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 0.8 pct (Updates to close)

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 a retreat in biotech shares.

Weaker-than-expected results from Priceline added to the weaker tone.

The Nasdaq Biotech Index dropped 2.9 percent, its seventh session of losses out of the last eight.

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.

A strengthening labor market is expected to influence the pace of future rate hikes, although traders are pricing in only one hike later this year.   Continuación...