Stocks fall broadly on Wall Street; AMC falls on share sale
Stocks broadly fell on Wall Street in early trading Thursday as investors weighed the latest economic reports showing that unemployment claims are falling but labor costs are rising.
Markets have been wobbly all week as investors closely watch the labor markets for more signs of economic growth and consider any information that could give more clues about rising inflation. Labor costs rose at a 1.7% rate in the first quarter, up from the initial estimate that costs had fallen 0.3% in the first quarter….
