NEW YORK - Stocks were slightly lower in early trading Friday after a report on the U.S. economy showed a significant slowdown in hiring last month, echoing weakness seen earlier in the week in Europe and Asia.
The stock is down 30% since March. J.C. Penney JCP -8.96% shares took a dive on Friday after a news report suggested April sales were below its expectations.
home-in-your-hands Rates fell a bit lower this week, but buyers did not hurry to take out a mortgage loan. On top of that, mortgage credit has tightened this month, which could be the reason that buyers were unable to purchase a home.
LONDON The Federal Reserve's debate over whether to raise U.S. interest rates in June may be decided in the coming week, as investors look for any cracks in China and evidence of a solid start to the second quarter in the United States.
WASHINGTON - U.S. employers pulled back on hiring in April, adding 160,000 jobs, the fewest in seven months after a streak of robust monthly gains.