Pursuits
U.S. Stocks Fall as Optimism Fades After American Payrolls Data
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U.S. stocks fell, paring a weekly gain for the Standard & Poor’s 500 Index, after better-than-forecast payrolls failed to keep commodity and technology shares from slumping as Americans prepared to pick a president.
Newmont Mining Corp. and Chevron Corp. dropped at least 2.8 percent amid disappointing earnings. American International Group Inc. fell 7.2 percent as premium revenue slipped at its main units. Apple Inc. sank 3.3 percent to a three-month low while First Solar Inc. slumped 8.9 percent after the thin-film solar manufacturer said profit fell in the third quarter. Starbucks Corp., TripAdvisor Inc. and Priceline.com Inc. all gained at least 8.3 percent after earnings beat estimates.