The Dow Jones lost 0.56%, the S and P 500 0.59% and the Nasdaq 0.79%
Less than job creation is expected in the private
The drop online travel company Priceline (Updates with dollar and Treasuries)
NEW YORK, May 4 (Reuters) - The New York Stock Exchange fell Wednesday for the second straight session in the wake of economic indicators and corporate results, including Priceline, causing small investors optimism.
The Dow Jones lost 99.65 points, or 0.56%, to 17,651.26 and the S and P 500, the broadest and central reference for investors sold 12.25 points (- 0.59%) to 2,051.12. The Nasdaq Composite fell 37.59 points (- 0.79%) to 4,725.64.
Divider Street, who had recently recovered from the low of mid-February, is generally downward trend last week, the various economic indicators worldwide and the results of companies worldwide without mitigate in the US . n 'does not encourage investors to take risks.
This remained true Wednesdays.
Therefore, according to the monthly survey published by ADP, the private area in the US He created 156,000 jobs in April, substandard figure than expected and the lowest since April 2013.
This research can give energy the most anticipated week of statistics, official employment figures in the US They are carrying both the private and the public area and will be published on Friday. Economists polled by Reuters had on average expected an all out of 202,000 jobs created in April in the US, slightly second rate compared to the number of 215,000 in March statement.
Other indicators released Wednesday without ban the nuanced results of the ADP survey, including an acceleration of growth of activity in the service in April in the division of the United States, an a faster pace than expected, according to the monthly survey by the Institute for Supply Management (ISM).
"Merchant IN MAY AND GO AWAY"
Similarly, industrial orders rose more than expected in March, while the trade deficit shrank this month, which could encourage upward revision of US growth in the quarter groundwork.
"The market digests the rise since the February low. It seems logical to me at this stage, given the time of year and the fact that the market was near its peak. I hear many things related to 'sell in May and go away '(merchant in May and go away), "said Bruce Zaro, technical strategist at Boston Global Asset Management in Boston.
This saying Wall Street refers to the lowest probability for enlistment center strong gains during the summer months.
The values, the online travel company Priceline lost 7.5% to $ 1253.04 after disappointing planned for genuine quarter, overshadowing better than expected in the first three months of the year profit results.
Apple continues to share her perilously close to an important technical threshold, its 200-day moving average at $ 93.06. Tuesday parentheses after the title, sealed for more than a week on concerns related to iPhone sales, it has resumed its decline Wednesday with a drop of 1.04% to $ 94.19, the key contributor to the decline in the S and P 500 and Nasdaq.
Bucking the trend, the stock exchange operator Intercontinental rose 7.27% to $ 258.49 after posting the best quarterly results than expected and announced he would not bid for the LSE Group UK.
It Medivation meanwhile gained 2.68% to $ 59.06 in anticipation of a possible takeover battle between Pfizer and Sanofi to control this specialized in cancer treatments laboratory.
The dollar gained 0.3% against a basket of currencies an reference to 93.233, but participants expect to see him stay in the depreciating trend, the Fed showing an unwillingness to raise rates.
In the bond market, yields on Treasuries fell an a minimum of two weeks of 1.7752% for paper and 10 years.
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