MYR Group stock sinks nearly 8% as infrastructure contractors slide ahead of U.S. jobs data
MYR Group shares fell 7.6% to $218 Thursday afternoon, tracking a broad selloff in U.S. engineering and construction stocks as Treasury yields rose. The drop came ahead of Friday’s U.S. payrolls report, with no new company-specific news. Initial jobless claims rose to 208,000 last week, while productivity grew at a 4.9% annualized pace in Q3.
