NEW YORK John Cominsky Youth Jersey , July 6 (Xinhua) -- U.S. stocks declined Thursday as investors meditated on a slew of economic reports.
The Dow Jones Industrial Average fell 158.13 points, or 0.74 percent, to 21,320.04. The S&P 500 lost 22.79 points, or 0.94 percent Kendall Sheffield Youth Jersey , to 2,409.75. The Nasdaq Composite Index dropped 61.39 points, or 1.00 percent, to 6,089.46.
U.S. private sector employment increased by 158 Kaleb McGary Youth Jersey ,000 jobs from May to June, well below market consensus of 180,000, said the June ADP National Employment Report on Thursday.
The ADP report is often seen as a preview for the closely-watched U.S. nonfarm payrolls data due out on Friday.
"Weaker-than-expected ADP (report) increases the odds of weaker-than-expected payrolls, but there is no guarantee. This logic failed as recently as last month Chris Lindstrom Youth Jersey , after all," said Chris Low, chief economist at FTN Financial, in a note.
In the week ending July 1, the advance figure for seasonally adjusted initial claims increased by 4 Tevin Coleman Womens Jersey ,000 from the previous week's unrevised level to 248,000, exceeding market estimates, the U.S. Labor Department reported Thursday.
The non-manufacturing index came in at 57.4 percent in June, which is 0.5 percentage point higher than the May reading of 56.9 percent Duke Riley Womens Jersey , the Institute for Supply Management said Thursday.
Meanwhile, U.S. Commerce Department announced Thursday that the goods and services deficit was 46.5 billion U.S. dollars in May, down 1.1 billion dollars from April's revised reading.
Despite mixed economic reports, some analysts attributed Thursday's equity drop to a renewed decline in tech shares amid valuation concerns.
China, Germany pledge to take bilateral ties to higher levels
Xi, Merkel launch Panda garden in Berlin zoo
Bullet trains begin to travel from Beijing to Xiong'an New Area
Tourists visit Int'l Bazar at Urumqi in NW China's Xinjiang
Lotus flowers blossom across China
Hot dog eating contest held in New York
Take closer look at new Beijing-Shanghai overnight sleeper trains
BERLIN, March 4 (Xinhua) -- Third division side Bielefeld flabbergasted Bremen 3-1 to eliminate the top-flight team while Bayern, Wolfsburg and Monchengladbach marched into the German Cup quarterfinals on Wednesday.
Bielefeld's Manuel Junglas donated two goals to upset Bremen at the round of 16. A moment of madness by Bremen's defense invited Bielefeld to break the deadlock as Manuel Junglas needed no second invitation to tap in Tom Schuetz' square pass into the open goal at the 32nd minute.
Bielefeld proceeded with their performance to surprise Bremen with a second goal of the match after the restart when Sebastian Schuppan poked home a corner kick by Florian Dick at the 57th minute.
Bremen's Clemens Fritz sparked hopes for comeback when he reduced the arrears to 2-1 with a low long rang effort into the far post corner Deion Jones Womens Jersey , as Bielefeld were unable to clear the ball from the danger zone at the 76th minute.
However, Bielefeld's Manuel Junglas destroyed all hopes of a comeback when he wrapped up his brace to edge Bremen from the German Cup. Bremen had to complete the game with 10 men as Clemens Fritz saw his second yellow card of the evening.
Bielefeld progressed into the quarterfinals for the first time since nine years. They eliminated Bremen the second top flight team after Berlin.
Defending champions Bayern Munich craved out an unspectacular 2-0 win over second division side Braunschweig.
The "Bavarians" controlled the proceedings from the kick off yet they had to wait until the dying minutes of the first half before David Alaba opened the scoring with a dead ball goal from 20 meters.
Bayern Munich were not done with the scoring as Mario Goetze's solo run and goal sewed up the 2-0 victory at the 57th minute to book the quarterfinals for the German giants.
Wolfsburg advanced into the German Cup quarterfinals for the third time in row as they eliminated second division club Leipzig 2-0.
Leipzig took the reins on home soil but it were the visitors from Wolfsburg who broke the deadlock against the run of the game at the 20th minute. The "Wolves" completed a counter attack via Kevin De Bruyne before Daniel Caligiuri slotted home right footed from 11 meters.
The hosts remained unimpressed carried on with their offensively minded strategy yet unable to threat Wolfsburg's defense. After the restart Wolfsburg punished Leipzig for their poor chance conversion as Timm Klose's header following a corner made the game safe at the 57th minute.
Resilient fourth division club Offenbach gave Monchengladbach a hard fight. Nonetheless the "Foals" were able to progress into the next round thanks to two second-half goals.
Monchengladbach lacked in penetration against Offenbach's well-positioned defense in the first half. However, things changed at the second half as referee Christian Dingert awarded the hosts a handball penalty. Max Kruse stepped up and converted the penalty into the bottom left at the 52nd minute.
The opener took the wind out of Offenbach's sails as Monchengladbach sealed the deal at the 83rd minute when Patrick Herrmann doubled the lead from sharp angle.
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