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* ADP employment report comes in below expectations
* Zynga to offer casino games in Britain, stock rallies
* Indexes down: Dow 0.4 pct, S&P 0.6 pct, Nasdaq 0.5 pct
By Angela Moon
NEW YORK, April 3 (Reuters) - U.S. stocks fell on Wednesdayafter disappointing economic data, but the S&P 500 index hungnear an all-time intraday high.
Disappointment came from a jobs report that showedless-than-expected hirings in the private sector in March, whilea services sector index also came in below expectations.
Investors expect market movements to be slight beforeFriday's release of the broader U.S. non-farm payrolls reportfor March from the Labor Department.
Momentum for the market to move higher remains, strategistssay. The S&P has been near an intraday record level of 1,576.09for the past several sessions, inching to within three points onTuesday before pulling back. The index still ended at a newclosing high.
"Investors now appear to be focused on the potential forcontinuing global economic growth in the year ahead," saidStuart T. Freeman, chief equity strategist at Wells FargoAdvisors. The firm raised its year-end S&P 500 target range to1,575-1,625 from an initial target of 1,525-1,575.
The S&P 500 has advanced more than 10 percent this year andlast week broke above its 2007 closing high. The Dow broke aboveits 2007 record on March 5.
The Dow Jones industrial average was down 68.19points, or 0.47 percent, at 14,593.82. The Standard & Poor's 500Index was down 10.17 points, or 0.65 percent, at1,560.08. The Nasdaq Composite Index was down 17.37points, or 0.53 percent, at 3,237.49.
In economic news, the ADP National Employment Report showedU.S. companies hired at the slowest pace in five months, farbelow what economists had expected, though the February reportwas revised upward.
"One potential cloud on the horizon is that no constructionjobs were created in March. We think this is a little unusual,especially given the time of year ahead of the onset of the keyspring selling season," said Andrew Wilkinson, chief economicstrategist at Miller Tabak & Co in New York.
"The lack of employment gains begs the question as towhether construction gains are purely related to rebuilding inthe aftermath of superstorm Sandy. We doubt it, but it now hasone thinking about that notion in advance of the non-farmpayroll reading in 48 hours."
The Institute for Supply Management's March services sectorindex also came in below expectations, with the pace of growthat the lowest level in seven months.
Among stocks on the move, Zynga Inc surged nearly13 percent to $3.46 after the company said it would beginoffering poker and casino-style games in Britain in partnershipwith Bwin.party Digital Entertainment.
ConAgra Foods Inc fell 0.4 percent to $35.40 afterreporting third-quarter earnings that fell 57 percent, thoughrevenue grew.
Monsanto Co rose 1.2 percent to $104.93 afterraising its full-year profit forecast.
Issues in the euro zone will continue to be in focus a dayafter Cyprus concluded a bailout deal. The plan, which stillrequires ratification, would mean the country receives a 10billion euro loan and that it has until 2018 to carry outmeasures to shore up its finances. The country's financeminister resigned after concluding the deal.
While investors have largely used any market decline as abuying opportunity, the situation in Cyprus has been a majorsource of market uncertainty in recent weeks.
