S&P 500 falls from record high as job growth slows

Published by
Reuters

By Sagarika Jaisinghani (Reuters) -The S&P 500 fell from a record high on Wednesday as data signaled a slowdown in job growth last month, while General Motors tracked its worst day in more than a year despite a record pre-tax profit. GM’s shares slumped 8.3% to a two-week low, underscoring the uncertainty facing global automakers at a time of technological and economic disruption. Shares of rival Ford Motor Co fell 3.2%. Ten of the 11 S&P indexes were lower, with industrials and energy slipping 0.3% and 2.1%, respectively, as data showed U.S. private payrolls increased far less than expected i…

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