U.S. stocks took their biggest loss in more than six weeks Thursday as investors reacted to mounting evidence that hiring has slowed down. Energy and health care companies fell sharply, and so did retailers. Stocks slumped after ADP, a payroll processing company, said private businesses added fewer jobs in June than investors had expected. "If rates rise meaningfully, it will end up hampering growth expectations," said Krishna Memani, chief investment officer at Oppenheimer Fund. Investors sold shares of big-dividend stocks, as the rising bond yields made those stocks less appealing to investors seeking income.

Source: ABC News July 06, 2017 14:33 UTC