U.S. stocks on Wednesday kicked off trading in the red, following a report of monthly private-sector employment that came in slightly better than Wall Street expectations, potentially adding more reasons for the Federal Reserve to follow through with talk of lifting interest rates in the coming months. The dollar ticked higher and stocks inched down after the ADP report showed the U.S. economy added 177,000 private-sector jobs in August, compared with estimates of 175,000 from economists polled by MarketWatch. The S&P 500 index declined 2 points, or 0.1%, at 2,173, the Dow Jones Industrial Average dropped 30 points, or 0.2%, at 18,423, while the Nasdaq Composite Index gave up 6 points, or 0.1%, to 5,215. Among company movers, Deutsche Bank was in the spotlight amid reports that Germany’s largest bank considered combining with rival Commerzbank AG .
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