Markets today: Stocks churn as rally stalls near all-time highs

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Stocks struggled to make much headway after a rally that drove the market closer to its all-time highs, wiping out its early August losses.

A sign for Wall Street and American flags in New York, U.S. --

Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated. While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.

Patients taking Eli Lilly & Co.’s blockbuster weight-loss shot were 94% less likely to develop diabetes in a three-year study that illuminates the long-term health benefits of treating obesity.

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