US STOCKS-Wall St to open lower after ADP report; more data due

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US STOCKS-Wall St to open lower after ADP report; more data due

[Reuters] - U.S. stocks were poised for a lower open on Wednesday, after a strong reading on private payrolls bolstered investors' expectations that the U.S. Federal Reserve will wind down its massive stimulus earlier than expected. The benchmark S&P 500 has fallen for the three past sessions, putting the index on track to snap an eight-week winning streak during which it added nearly 7 percent, partly on concerns of an imminent wind-down of Fed stimulus.

http://us.rd.yahoo.com/finance/news...om/news/us-stocks-wall-st-open-140927974.html
 
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