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October 3, 2019

Stocks drop to worst loss in weeks on economy worries

By STAN CHOE and DAMIAN J. TROISE
AP Business Writers

NEW YORK — Stocks tumbled again on Wednesday as worries about a weakening global economy boomeranged around the world.

For a second straight day, the S&P 500 dropped to its worst loss in five weeks. The latest wave of selling came after a report showed hiring by U.S. companies slowed more than economists expected last month, with mining and manufacturing particularly weak. It added to worries that shook markets a day earlier, when a reading on U.S. manufacturing showed the sharpest contraction in a decade.


 
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