NEW YORK (AP) — Stocks ended another bumpy week with more losses Friday as investors considered the downside of the still-strong U.S. jobs market.
The S&P 500 fell 1.6%, marking its eighth losing week in the last nine. Losses in big technology companies helped pull the Nasdaq down 2.5%. The Dow Jones Industrial Average lost 1%. 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. The yield on the 10-year Treasury note rose to 2.94%.
