U.S. stocks open lower as Treasury yields jump after stronger-than-expected ADP jobs data

U.S. stocks opened lower Thursday after an ADP report showed the private sector added far more jobs in June than expected. The Dow Jones Industrial Average DJIA was down 0.6% soon after the opening bell, while the S&P 500 SPX fell 0.8% and the Nasdaq Composite COMP dropped 1%, according to FactSet data, at last check. Payroll-services company ADP said Thursday that the U.S. private sector added 497,000 jobs in June. That’s more than double the 220,000 forecast by economists polled by The Wall Street Journal.

The Federal Reserve…