U.S. stocks are slumping Tuesday following a disappointingly weak start to a week full of updates on the economy. The S&P 500 was 1.9%, or 108 points, lower in afternoon trading and on track for its worst day in nearly a month, coming off a winning week that had carried it to the cusp of its all-time high. The Dow Jones Industrial Average was down 560 points, or 1.4%, from its own record set on Friday before Monday's Labor Day holiday. The Nasdaq composite was 3.1% lower, as of 2:45 a.m.
Other reports later this week that could show how much help the economy needs, including updates on the number of job openings U.S. employers were advertising at the end of July and how strong U.S. services businesses grew last month. The week's highlight will likely arrive on Friday, when a report will show how many jobs U.S. employers created during August.
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