U.S. stocks tumbled, paring a weekly advance for the Standard & Poor’s 500 Index, after weaker-than- forecast growth in company payrolls added to evidence the economic recovery is slowing. General Electric Co., JPMorgan Chase & Co., and International Business Machines Corp. helped lead declines in the Dow Jones Industrial Average after the Labor Department said private-sector payroll growth in June and July fell short of estimates. EOG Resources Inc. tumbled 4.8 percent after reporting second-quarter earnings that trailed estimates.
Most Popular Articles
United Wholesale Mortgage announced Friday that it is rolling out a new loan program that offers borrowers an interest rate as low as 1.875% for both purchase mortgages and refinances.
President Donald Trump signed an executive order and three memorandums in a ballroom of the Trump National Golf Club in Bedminster, New Jersey, on Saturday aimed at providing COVID-19 relief.