U.S. stocks drop on weak jobs growth; Bear Stearns downgrade

11:46 am ET Aug 3, 2007

DJIA

13,404

-59.18

S&P

1,463

-8.99

NASDAQ

2,560

-15.56

10Yr

4.72%

-0.030

U.S. stocks drop on weak jobs growth; Bear Stearns downgrade

NEW YORK
U.S. stock losses mounted Friday after Standard & Poor's downgraded its
outlook for Bear Stearns Cos. added to Wall Street's credit-related
worries and the latest employment report showed weaker-than-expected
jobs growth last month.

Economic Report: U.S. jobs growth decelerates to 92,000 in July, data
show

WASHINGTON
The U.S. labor market softened slightly in July, according to government
statistics released Friday.