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 U.S. stocks fell Friday after data showed China's economic growth slowing further in the third quarter and investors awaited more signals from the corporate earnings season about the health of the U.S. economy.
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Find out why these stocks led the market lower.
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 U.S. stocks finished near their lows of the session on Friday, with declines in Johnson & Johnson and Boeing Co. delivering the lion's share of the pain for the Dow industrials. The Dow closed off 255 points, or 0.9%, at 26,770. Dow components Boeing cut about 170 points from the price-weighted average, while J&J and shares exacted a 57-point toll on the index. The S&P 500 index closed 0.4% lower at 2,986, while the Nasdaq Composite Index ended 0.8% lower at 8,090. Boeing's stock got slammed after the Federal Aviation Administration said the aviation and defense contractor withheld "concerning" messages from 2016 between employees about a flight-control system tied to two fatal crashes of the 737 MAX, while J&J's stock got pulverized, off more than 6%, after the consumer-product giant recalled some baby powder - after tests revealed traces of asbestos.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Shares of Kansas City Southern surged 6.2% toward a record high in afternoon trading, enough to keep the Dow Jones Transportation Average in positive territory to buck weakness in the broader market, after the railroad company reported better-than-expected third-quarter earnings. The stock's price gain of $8.43 was adding about 51 points to the Dow transports' price, and the index was up nearly 5 points. Meanwhile, the Dow Jones Industrial Average was down 164 points, or 0.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Federal Reserve Vice Chairman Richard Clarida on Friday said the economy is facing "evident" risks, while inflation remains muted. In a speech in Washington, Clarida didn't say much about what action the central bank may take at its meeting in two weeks in light of the risks and low inflation. He stressed interest-rate policy was not on a preset course and policy makers would make decisions meeting-by-meeting. Officials would assess the risks and will act as appropriate, he added. The Fed has already cut interest rates twice this year "to provide a somewhat more accommodative policy in response to muted inflation pressures and the risks to the outlook," he noted. Clarida's comments represent the last public word from the Fed leadership ahead of the Oct. 29-30 meeting.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Juul Labs Inc. said Thursday that it will suspend online sales of non-tobacco, not-menthol-based flavors of e-cigarettes, including Mango, Creme, Fruit and Cucumber, in the U.S. The company had previously suspended all broadcast, print and digital product advertising in the U.S., and has refrained from lobbying the Trump administration on its draft flavor guidance. Sales of the flavored e-cigarettes were suspended at stores, but had still been only available at Juul.com, until today. "We must reset the vapor category by earning the trust of society and working cooperatively with regulators, policymakers, and stakeholders to combat underage use while providing an alternative to adult smokers," said Chief Executive K.C. Crosthwaite. Shares of Altria Inc. , which disclosed in December a $12.8 billion investment in Juul, rose 1.2% in afternoon trading, but has lost 10.9% year to date while the Dow Jones Industrial Average has gained 15.8% this year.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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