U.S. Stocks Open Lower After ADP Report

U.S. stocks opened lower on Wednesday as investors assessed a private-sector jobs report released ahead of the opening bell. The Automatic Data Processing, Inc. report showed the private sector added 212,000 jobs in February, slightly below expectations. The main indexes further retreated from record levels set on Monday. The S&P 500 opened 12 points, or 0.6%, lower at 2,096.06. The Dow Jones Industrial Average dropped 100 points, or 0.5%, to 18,104.96. The Nasdaq Composite began the day down 25 points, or 0.5%, at 4,955.52.