Wall Street dips at the opening bell despite jobs data beat

9.50am: Proactive North America headlines: Hannan Metals Limited (CVE:HAN) (OTCPINK:HANNF) (FRA:C8MQ) starts major new LiDAR survey over its San Martin copper-silver project in Peru Mirasol Resources Ltd (CVE:MRZ) (OTCPINK:MRZLF) (FRA:M8R) assays gold and silver during maiden drill at Inca CanaFarma Hemp Products Corp (CSE:CNFA) (OTCMKTS:CNFHF) (FRA:4K9) signs MOU to acquire branded health company Vertical Wellness GameSquare Esports Inc (CSE:GSQ) (FRA:29Q1) buys US esports club backed by Dallas Cowboys owner Jerry Jones in $33M all-stock deal Canada Silver Cobalt Works  Inc (CVE:CCW) (OTCMKTS:CCWOF) (FRA:4T9B) begins testing Re-2OX process on recovering rubidium from Granada gold project material Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) secures US$146,000 order from California healthcare organization Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG) approved for stock uplisting to the Nasdaq Capital Market Recruiter.com Group Inc (NASDAQ:RCRT) announces pricing of $12M public offering as it lists on the Nasdaq Vuzix Corporation (NASDAQ:VUZI) (FRA:V7XN) to hold webinars on July 1 to show managers how to 'transform their workforce' with AR Smart Glasses The Valens Company Inc (TSX:VLNS) (OTCQX:VLNCF) (FRA:7LV) enters deal to make beverages and edibles for premier cannabis brand house Gallery Brands Versus Systems Inc (NASDAQ:VS) (FRA:BMVB) to power in-stadium engagement for Mexican national team’s US soccer tour TRACON Pharmaceuticals Inc (NASDAQ:TCON) announces appointment of Ya Huang as executive director of Statistical Programming XPhyto Therapeutics Corp (CSE:XPHY) (OTCMKTS:XPHYF) (FRA:4XT) supplies 10 test centers in Berlin with its 25-minute COVID-19 PCR tests American Manganese Inc (CVE:AMY) (OTCMKTS:AMYZF) (FRA:2AM) adds Japan to patent portfolio covering its ground-breaking recycling technology 9.36am: Wall Street dips on the open Wall Street’s main indices have started Wednesday’s session on a cautious note despite the latest ADP jobs numbers coming in better than expected. In the first minutes of trading, the Dow Jones Industrial Average was down 0.01% at 34,289 while the S&P 500 dropped 0.06% to 4,289 and the Nasdaq fell 0.27% to 14,488. The slide came despite the latest report from ADP showing 692,000 jobs were added to the US private sector last month. This is a fall from the figure of 886,000 the previous month -  revised down from 978,000 -  but better than the forecast 550,000 to 600,000. Nela Richardson, chief economist at ADP, said: “The labor market recovery remains robust, with June closing out a strong second quarter of jobs growth. “While payrolls are still nearly 7 million short of pre-COVID19 levels, job gains have totaled about 3 million since the beginning of 2021. Service providers, the hardest hit sector, continue to do the heavy lifting, with leisure and hospitality posting the strongest gain as businesses begin to reopen to full capacity across the country.” 7:50am: Wall Street set for small decline The main indices on Wall Street are set for a slight slip at the opening bell on Wednesday as investors await the latest batch of ADP jobs figures. The Dow Jones Industrial Average is expected to slide 44 points or 0.16% while the S&P 500 and Nasdaq Composite - which both hit new peaks on Tuesday - are also marginally lower, down 0.1% and 0.03% respectively. But so far this year the S&P is up 14% and the Dow and Nasdaq 12%, as investors shrugged off inflationary worries and concentrated on signs of the economy emerging stronger from the pandemic. In terms of this week's data, Friday sees the main course as far as investors are concerned, with the non-farm payroll numbers for June. But today we get the hors d'oevres in the form of the ADP private payroll survey. This is expected to show some 550,000 to 600,000 new jobs were added this month, after the massive 978,000 figure in May. Ipek Ozkardeskaya, senior analyst at Swissquote, said: "Generally, ADP data acts as a practice release before Friday’s jobs data. In theory, there is not much correlation between the two prints, but the ADP read still puts investors in the jobs data mood. "The expectation is that the US economy added some 555,000 new private jobs in June, but the predictions should be taken with a pinch of salt, as last month, the expectation was some  650,000 job additions and we ended up with a number close to a million. Today, we need a strong number to keep the mood upbeat among investors. Any softness in jobs figures, on the other hand, could hardly get the Fed more accommodative with inflation hovering around the 5%, and with potentially an increased period of supply shortages and slow logistics.  "Therefore, the jobs figure for June in the US better be good. Otherwise, we shall see some selloff starting from today, following the ADP figure." Four things to watch for on Wednesday: Firms in the earnings diary today include computer storage and memory specialist Micro Technology Inc (NASDAQ:MU) and Corona beer owner Constellation Brands Inc (NYSE:STZ) as well as Cheerios and Cocoa Puffs maker General Mills Inc (NYSE:GIS) Shares in Chinese ride-hailing giant Didi will also be making their debut this morning at US$14 per share as the firm looks to raise US$4bn through its IPO In other IPO news, plus-size women’s clothing maker Torrid will be in focus after the company raised the number of shares on offer to 10mln from 8mln previously On the macro front, the ADP jobs numbers will be the headline, however some traders may be interest in US home sales data as well as the latest Chicago PMI