Gloomy reports on jobs, manufacturing and other economic indicators Wednesday sent stocks down more than 2 percent in their biggest declines since last August. Treasury yields fell below 3 percent for the first time this year.
Reporting from New York—
A batch of disappointing economic reports is leading some investors to worry that what appeared to be a short-term slowdown could turn into a longer-lasting downturn.Signs of slowing growth in the U.S. manufacturing sector and in private-sector employment prompted the biggest one-day sell-off in the U.S. stock market since August, taking the Dow Jones industrial average down 279.65 points, or 2.2%.
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