Dow falls 300 points, S&P 500 slips from record high after jobs data disappoints
Summary by WND
U.S. stocks fell on Wednesday after the earnings of a major automaker and a private sector jobs report came in lower than expected.
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U.S. Stocks Slip as Economic Growth Worries Mount: Markets Wrap
(Bloomberg) -- U.S. equities slumped after the vice-chair of the Federal Reserve suggested rates could rise by 2023 and mixed economic data for July showed U.S. companies adding far fewer jobs than expected.The yield on the 10-year U.S. Treasury note rose to 1.17%, gold pared back a more than 1% increase, and the dollar was stronger after initial weakness.The Fed’s Richard Clarida said the central bank was on track to begin interest rates hikes …
Wall Street closes mixed, S&P 500 ends off record high
U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.
