US STOCKS-Wall St jumps on strong data ahead of Fed statement

* FOMC statement on rates and economy due

* U.S. dollar falls against basket of currencies

* Services sector grows for second month in a row

* U.S. private sector sheds jobs at slowest pace in a yr

* For up-to-the-minute market news, click [STXNEWS/US] (Updates to morning trading)

By Rodrigo Campos

NEW YORK, Nov 4 (Reuters) - U.S. stocks rose broadly on Wednesday on positive economic data and ahead of a Federal Reserve statement on interest rates and the economy that is expected to keep government support in place.

Data showed the services sector grew in October for a second straight month, while U.S. companies reduced jobs last month at the slowest pace in more than a year. [ID:nN04545735]

"The (services sector gauge) is a little lower than expectations, but it still shows improvement, and that's what the market is reacting to," said Alan Lancz, president of Alan B. Lancz & Associates Inc in Toledo, Ohio.