You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Weak economic reports send stock market lower

Continue reading below

Weak reports on hiring and service industries pounded stocks, giving the Dow its worst day in over a month. Both the Dow and S&P 500 closed at record highs Tuesday. Losses were widespread. All 10 S&P 500 industry groups fell. Banks and energy stocks had the worst losses. Utilities, which investors view as safe bets, fell the least. The Russell 2000, which tracks small-company stocks, fell a third straight day. It’s now down 3.5% this week, far worse than the declines in the Dow, 0.2%, and the S&P, 1% — a sign investors may be getting more bearish about the US economy. Small companies rely far more on domestic sales than do the global giants.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.