U.S. stocks fell to more than a one-month low and were set to post their sharpes...
- U.S. stocks fell to more than a one-month low and were set to post their sharpest drop in nearly six weeks on Wednesday, as monthly private sector hiring slowed, amplifying fears that the trade war with China was hurting the United States.
The technology stocks .SPLRCT which have powered the market’s climb for most of the year, shed 2.10%. The industrial .SPLRCI and materials .SPLRCM sectors also fell more than 2% each, posting the biggest declines among the 11 major S&P sectors. Trade tensions likely spilled over to the domestic labor market as U.S. private employers hired fewer-than-expected workers in September, according to the ADP National Employment Report.
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