NEW YORK, Oct. 4 (Xinhua) -- U.S. stocks opened lower Wednesday, as investors digested a slew of economic reports.
U.S. private sector employment increased by 135,000 in September, a sharp decline from August, according to ADP National Employment Report released on Wednesday.
The ADP report is often seen as a preview for the closely-watched U.S. nonfarm payrolls data due out on Friday.
Economic activity in the non-manufacturing sector grew in September for the 93rd consecutive month, the Institute for Supply Management (ISM) said Wednesday.
The ISM's non-manufacturing index registered 59.8 percent, beating market expectation. This represents continued growth in the non-manufacturing sector at a faster rate.
All three major indices posted record high on Monday and Tuesday as the market renewed hope for tax reform.
The Trump administration and U.S. Congress Republicans last week released a unified framework for tax code reform which will cut tax rates for both businesses and individuals.
However, the plan lacks details on how to consolidate fiscal position in face of big tax cuts.
Shortly after the opening bell, the Dow Jones Industrial Average lost 0.69 points, or less than 0.01 percent, to 22,640.98. The S&P 500 edged down 1.91 point, or 0.08 percent, to 2,532.67. The Nasdaq Composite Index decreased 10.21 points, or 0.16 percent, to 6,521.51. Enditem
