U.S. stocks fell, sending the Standard & Poor’s 500 Index to its third loss in four days, as a private report showing companies added fewer jobs than forecast overshadowed acceleration in service industries.
Treasuries fell, sending 10-year yields up from almost a three-month low, and U.S. stocks ended lower as investors dissected reports showing growth in jobs and acceleration in service industries. Silver and gold paced gains in commodities.
Estee Lauder Cos. , the maker of Clinique and Bobbi Brown cosmetics, agreed to acquire Smashbox Beauty Cosmetics Inc. to boost sales among women ages 18 to 35, who buy its products in shops such as Sephora.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.