U.S. stocks fell for the third day in a row as energy companies tumbled along with the price of crude oil. Investors also sold high-dividend stocks as bond yields rose.
Crude oil prices fell 5%, their biggest drop in more than a year, after the government reported a big buildup in fuel stockpiles.
A survey by payroll company ADP showed that private companies added the most jobs in three years in February, a sign of stronger economic growth. That helped send bond prices lower and yields higher. The report showed big increases in construction and manufacturing hiring.
According to industry measurements and government data, manufacturing and business investment have...