Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation.
The S&P 500 fell 1.8% Friday for its first back-to-back loss of at least 1% since April.
The Dow Jones Industrial Average lost 1.5%, and the Nasdaq composite fell 2.4%.
A report showing hiring by U.S. employers slowed last month by much more than expected sent fear through markets.
Intel sank to its worst day in 50 years after reporting weaker-than-expected profits and suspending its dividend.
Treasury yields tumbled as expectations built for how deeply the Federal Reserve will cut rates in September.
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