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Update on the latest in business:

FINANCIAL MARKETS

Stocks sink as Wall Street eyes downside of solid jobs data

NEW YORK (AP) — Stocks are falling on Wall Street Friday as markets consider the downside of the still-strong U.S. jobs market. The S&P 500 was 1.5% lower in afternoon trading, and bond prices were also falling. A report showing stronger hiring last month than expected is good news for the economy amid worries about a possible recession. But many investors saw…

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FINANCIAL MARKETS

Stocks sink as Wall Street eyes downside of solid jobs data

NEW YORK (AP) — Stocks are falling on Wall Street Friday as markets consider the downside of the still-strong U.S. jobs market. The S&P 500 was 1.5% lower in afternoon trading, and bond prices were also falling. A report showing stronger hiring last month than expected is good news for the economy amid…

Read more…