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Stocks lose more ground as jobs report disappoints

U.S. stocks closed sharply lower after a weak jobs report cast doubt on the strength of the U.S. economy.

Technology stocks were especially hard hit, leading a broad decline Friday that included all sectors except utilities.

Other big losers were energy and consumer discretionary stocks, down because oil prices fell and further concern that the risk of the U.S. economy slipping into recession, while low, is growing.

The Dow Jones industrial average fell 211 points, or 1.3 percent, to close at 16,204.

The Standard & Poor's 500 index fell 35 points, or 1.9 percent, to close at 1,880. The Nasdaq composite fell 146 points, or 3.2 percent, to close at 4,363.

Bond prices were largely unchanged. The yield on the 10-year Treasury note remained at 1.84 percent.
Related Topics:
business wall street stocks business earnings u.s. & world financial markets bonds federal reserve jobs small business economy technology oil New York
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