US STOCKS-Wall St down after weak data but S&P 500 still near record
* ADP employment report comes in below expectations
* Zynga to offer casino games in Britain, stock rallies
* Indexes down: Dow 0.5 pct, S&P 0.8 pct, Nasdaq 0.8 pct
By Angela Moon
NEW YORK, April 3 (Reuters) - U.S. stocks declined on Wednesday after disappointing economic data, but the S&P 500 index hung near an all-time intraday high.
Disappointment came from a jobs report that showed less-than-expected hiring in the private sector in March, while a services sector index also came in below expectations.
Investors expect market movements to be slight before Friday's release of the broader U.S. non-farm payrolls report for March from the Labor Department.
Momentum for the market to move higher remains, strategists say. The S&P has been near an intraday record level of 1,576.09 for the past several sessions, inching to within three points on Tuesday before pulling back. The index still ended at a new closing high on Tuesday.
"Investors now appear to be focused on the potential for continuing global economic growth in the year ahead," said Stuart T. Freeman, chief equity strategist at Wells Fargo Advisors. The firm raised its year-end S&P 500 target range to 1,575-1,625 from an initial target of 1,525-1,575. Continued...