Wall Street Down After Labor Market Statistics

Wall Street Down After Labor Market Statistics

(Reuters) - Major Wall Street Stocks Decline Wednesday After Worse-Forecast US Private Sector Job Data.

US private sector jobs jumped 307,000 in November after rising by a revised 404,000 in the previous month, data from Automatic Data Processing Inc (NASDAQ: ADP) show..

"This reminds investors that difficult times lie ahead of us before we bounce back.", - said Arian Voidani of MV Financial.

"But I don't think this indicates a protracted decline. Markets continue to move based on positive news about vaccines and how far ahead the market is looking".

Salesforce.com (NYSE: CRM) Inc shares the biggest pressure on the Dow after the company agreed to buy the Slack Technologies Inc app.

S indices&P 500 and Nasdaq closed at record highs on Tuesday as investors gambled on coronavirus vaccine coming soon.

UK on Wednesday became first country in the world to approve Pfizer-BioNTech COVID-19 vaccine.

By 18:46 Moscow time, the Dow Jones index fell 0.23% to 29.754.24 points, the S index&P 500 - by 0.10% to 3.658.67 points, and Nasdaq - by 0.27% to 12.321.72 points.

(Medha Singh and Susan Matthew in Bangalore. Translated by Olga Vishnevskaya. Editor Maxim Rodionov)