Stocks tumbled on Thursday, reversing earlier gains mid-afternoon ahead of the latest jobs report due Friday.

The Dow Jones Industrial Average slumped 530 points, or 1.4%, on Thursday, after swinging 800 points during the day. The blue-chip index closed below the 39,000 level for the first time since mid-March...

Minneapolis Federal Reserve President Neel Kashkari said Thursday that it’s possible the central bank won’t cut rates this year if inflation remains persistent, spooking investors already concerned that the Fed could delay paring back rates.