Dow off more than 250 points as economic data weighs on marketsStocks came under pressure Wednesday after a report showed the economy continues to run hot.
The major U.S. indexes all traded lower, led by the tech-heavy Nasdaq Composite’s roughly 1.5% slide, extending losses after yesterday's. Bond yields rose, reflecting expectations that the Fed has more to do in its inflation fight. The services sector expanded for an eighth straight month in August, according to a Institute for Supply Management index, which beat the expectations of economists polled by the Journal. Employment, prices, and new orders all jumped from the prior month.
Crude prices hovered around 10-month highs hit Tuesday after Saudi Arabia and Russia surprised many investors by
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