Nasdaq Composite Index and Nonfarm Payrolls

: The S&P 500 slipped 29.91 points, or 1.53 percent, to 1,921.22, according to Xinhua China. The Nasdaq Composite Index dropped 49.58 points, or 1.05 percent, to 4,683.92. The Dow Jones Industrial Average shed 272.38 points, or 1.66 percent, to 16,102.38. U.S. nonfarm payrolls data came out mixed, beating estimates on the unemployment rate and wage indicators. Over the prior 12 months, employment growth had averaged 247,000 per month. The Labor Department reported Friday that total nonfarm payroll employment added 173,000 in August, well below market consensus of 223,000. (news.financializer.com). As reported in the news.