US stocks lose ground as economic uncertainty grows

Chronic economic worries stifled Wall Street’s attempt at a rebound today as stocks fell for a third straight session.

The market, which had started the day higher, retreated after Dallas Fed President Richard Fisher reiterated his belief that inflation was rising near the high end of the Fed’s comfort zone. Some investors also awaited the government’s key employment report, due tomorrow and expected to detail job losses from the Gulf Coast hurricanes.