US STOCKS-Wall Street falls on signs of weak economy, North Korea
* ADP employment report comes in below expectations
* U.S. defense secretary says North Korea a danger
* Indexes down: Dow 0.8 pct, S&P 1.1 pct, Nasdaq 1.1 pct
By Caroline Valetkevitch
NEW YORK, April 3 (Reuters) - U.S. stocks fell on Wednesday, with the S&P 500 index posting its biggest daily decline in more than a month, after a weaker-than-expected survey of private employers raised concerns about the strength of the economy.
News the Pentagon was sending a missile defense system to Guam in the coming weeks and remarks by Defense Secretary Chuck Hagel that North Korea posed a "real and clear" danger added to investor caution.
The ADP National Employment report on private-sector jobs showed less-than-expected hiring in March, which was a worrying sign for investors before the Labor Department's March non-farm payrolls report on Friday.
Wednesday's market decline came a day after the benchmark S&P 500 and the Dow finished at record highs. Energy and financial sectors led the day's fall on the S&P 500, with the S&P 500 financial index down 1.7 percent.
"With some weaker economic data, you're seeing some risk-off action going on today. People are paring positions across the board ahead of the jobs number Friday," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Continued...