Job and consumer news sees Dow fall
Falling consumer confidence and a smaller-than-expected rise in new jobs sent stocks lower for a second session today, with downbeat earnings from Amazon.com Inc. saddling the technology sector. The major indexes each lost more than 1% this week.
A January upswing in job creation by the nation’s employers signalled that the economy was off to a good start this year, but the strength stoked fears about higher interest rates after the Federal Reserve gave no indication that Tuesday’s 14th consecutive increase would be the last.