Strong jobs data undermines Wall Street, Dow Jones dives 340 points

NEW YORK, New York - Strong jobs data, reinforcing the tight labor market in the U.S., undermined Wall Street Thursday, with all the major indices taking a hit.

Private payrolls in December increased by 235,000, much better than the 153,000 expected, the ADP said in a report.

"While we will get a better overall picture of the jobs market tomorrow, private payrolls beating expectations and jobless claims com