Stocks ended another bumpy week with more losses Friday as invesetors considered the downside of the still-strong U.S. jobs market.
The S&P 500 marked its eighth losing week in the last nine. Losses in big technology companies helped pull the Nasdaq down.
A report showing stronger hiring last month than expected is good news for the economy amid worries about a possible recession. But many investors saw it keeping the Federal Reserve on its path to hiking interest rates aggressively.
On Friday:
The S&P 500 fell 68.28 points, or 1.6%, to 4,108.54.
The Dow Jones Industrial Average fell 348.58 points, or 1%, to 32,899.70.
The Nasdaq fell 304.16 points, or 2.5%, to 12,012.73.
The Russell 2000 index of smaller companies fell 14.62 points, or 0.8%, to 1,883.05.
For the week:
The S&P 500 fell 49.70 points, or 1.2%.
The Dow fell 313.26 points, or 0.9%.
The Nasdaq fell 118.40 points, or 1%.
The Russell 2000 fell 4.84 points, or 0.3%.
For the year:
The S&P 500 is down 657.64 points, or 13.8%.
The Dow is down 3,438.60 points, or 9.5%.
The Nasdaq is down 3,632.24 points, or 23.2%.
The Russell 2000 is down 362.26 points, or 16.1%.
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
