Economics
U.S. Stocks Fall, Bonds Rise After Jobs Report: Markets Wrap
- European shares decline; dollar drops against major peers
- West Texas oil holds below $60 as Middle East tensions ease
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U.S. stocks fell from records, while Treasuries rose after the latest jobs report delivered mixed signals on the strength of the economy. The dollar declined versus major currencies.
The S&P 500 dropped for the first time in three days after hiring data fell short of estimates and wage growth was the weakest in more than a year. The benchmark still notched a weekly advance as the situation in the Middle East held a tenuous calm. Boeing Corp. slumped, helping to pull down the Dow Jones Industrial Average.