Wall Street e red after a series of economic data

April 1, 1962 (Photo credit: National Library of Ireland on The Commons)

Shares of the New York Stock Exchange began trading on Wednesday after a series of falls data for the U.S. economy, presented earlier in the day overseas .

The blue -chip Dow Jones erased 0.14% to 16 698.26 points. Technological Nasdaq Composite lost 0.05 percent to 4 231.95 points, while the broader benchmark S & P 500 goes down by 0.10% to 1 922.32 points.

The growth rate of the U.S. trade deficit climbed two-year high of 6.9 percent in April , according to recent data from the U.S. Commerce Department . The main reason for the increase in the liabilities of the trade balance was a record high imports of automobiles, mobile phones, computers and communication equipment .

The deficit rose to 47.2 billion dollars from 44.2 billion revised up in April. Forecasts were for a decline to 41 billion dollars. Imports increased by 1.2 % to a record 240.6 billion dollars, while exports declined by 0.2% to 193.3 billion dollars.

At the same time productivity in the country fell by an unprecedented six-year decline of 3.2% yoy in the first quarter. Workers have spent more time to produce less output amid unusually bad weather , government data show .

Bad news for the U.S. economy continued after it became clear that hiring new employees in the private sector slowed in May , according to Automatic Data Processing (ADP). Jobs created were 179,000 amid forecasts for 210 000 and 215 000 registered in April.

Earlier in the day to the consulting firm CoreLogic showed that house prices in the U.S. rose by 10.5 % in April compared to April last year compared to the previous month of March did the growth was 2.1% .

Price increases nationwide account for 26th consecutive month. Excluding sales of distressed properties , the increase in house prices in the U.S. in April compared to April last year was 8.3 %, while compared to March - 1.1% .

"The market continues to suffer because of a shortage of stocks of homes for sale , it will continue to support prices in the coming year ," said Anand Nalatambi , president and CEO of CoreLogic.

Capitalisation of FuelCell Energy declined by 13.44 percent after the maker of power plants with fuel cells reported a greater than expected loss in the second quarter .

Shares of Protective Life rose by 17.99 percent, after the insurance company was acquired by the Japanese Dai-Ichi Life Insurance in the amount of 5.7 billion dollars.

Later in the day market participants expect the publication of the Beige Book of the Federal Reserve . In tomorrow again is the key meeting of European Central Bank, which is expected to give a new direction of monetary policy on the continent.