U.S. stocks slumped on Friday after the government’s monthly jobs report gave investors few clues about the Federal Reserve’s next move on interest rates. The government reported that the unemployment rate fell to a seven-year low in August, but also said that employers added fewer jobs than forecast.
For the day:
The Dow fell 272.38 points, or 1.7 per cent, to 16,102.38.
The Standard & Poor’s 500 index declined 29.91 points, or 1.5 per cent, to 1,921.22.
The Nasdaq composite dropped 49.58 points, or 1.1 per cent, to 4,683.92.
For the week:
The Dow is down 540.63 points, or 3.3 per cent.
The S&P 500 has lost 67.65 points, or 3.4 per cent.
The Nasdaq is down 144.41 points, or 3 per cent.
For the year:
The Dow is down 1,720.69 points, or 9.7 per cent.
The S&P 500 index is down 137.68 points, or 6.7 per cent.
The Nasdaq is down 52.14 points, or 1.1 per cent.