News: Dow Jones

Wall Street rallies, and Dow jumps more than 500 after an encouraging update on U.S. unemployment

U.S. stocks swooned in a broad selloff prompted by weakening jobs, manufacturing and construction data, with the S&P 500, Nasdaq and Dow shedding 1.4%, 2.3% and 1.2%, respectively. The 10-year Treasury yield fell below 4% for the first time since February.

Tech shares extended their recent slide, helping to depress the S&P 500 and Nasdaq by 0.5% and 1.3%, respectively, while the Dow, lighter in tech, rose 0.5%.