U.S. Stocks Fall for Second Week Amid Signs Growth Is Slowing

U.S. stocks fell for a second straight week as a jump in jobless claims and an unexpected slump in Philadelphia-area manufacturing suggested a rebound in corporate profit growth won’t be sustained.

3M Co., United Technologies Corp. and Chevron Corp. lost at least 3 percent to lead the Dow Jones Industrial Average to a one-month low. Sears Holdings Corp. sank 7.5 percent as sales trailed analysts’ estimates. Benchmark indexes erased three days of gains on Aug. 19 as initial jobless claims rose to the highest since November and the Federal Reserve Bank of Philadelphia’s factory gauge dropped to the lowest in a year.