US stocks edge lower despite upbeat data

Most of the US stock indices edged lower on Wednesday, despite the release of upbeat economic data and a rebound in the tech sector.

Major tech shares fell yesterday, but recovered partially today, and turned higher.

ADB data showed today that the US private sector added 742K new jobs in April, the largest monthly rise since September, missing forecasts of 872K.

The data comes two days ahead of the US Labor Department's monthly jobs report for April.

As for stocks, Dow Jones fell 0.1% or 44 points to 34,083 as of 14:07 GMT, Nasdaq fell 0.1% or 3 points to 13629, and S&P 500 rose 0.1% or 3 points to 4,169.