US STOCKS-Wall St set to open lower as private jobs data weighs

miércoles 4 de mayo de 2016 09:00 GYT
 

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

* Priceline falls after forecast misses expectations

* Zillow jumps after raising full-year revenue forecast

* Futures down: Dow 106 pts, S&P 14 pts, Nasdaq 34 pts (Adds details, comment, updates prices)

By Tanya Agrawal

May 4 (Reuters) - Wall Street looked set to open lower for the second straight day on Wednesday after data showed the private sector added the least number of jobs last month since April 2013.

The ADP private sector employment report showed that 156,000 jobs were added in April. The number fell way below the 196,000 jobs estimated by economists that were polled by Reuters.

The report is a precursor to the more comprehensive government nonfarm payrolls report, which is expected on Friday. A strengthening labor market is expected to influence the U.S. Federal Reserve's decision on future rate hikes.

The Fed, which held monetary policy steady last week, is keeping a keen eye on data, while leaving the door open for a rate hike in June.   Continuación...