NEW YORK — (AP) — U.S. stocks drifted lower as financial markets locked in their final moves before a highly anticipated update coming Friday about the U.S. job market. The S&P 500 fell 0.5% Thursday. The Dow Jones Industrial Average lost 0.3%, and the Nasdaq composite sank 0.8%. Tesla tumbled as the relationship between CEO Elon Musk soured with President Donald Trump, while Procter & Gamble fell after saying it would cut up to 7,000 jobs over the next two years. Treasury yields held relatively steady after Trump said trade talks are set to resume with China following an encouraging phone call with the leader of the world’s second-largest economy.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

NEW YORK (AP) — Wall Street is drifting lower on Thursday, as the countdown

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