dow jones: The S&P 500 index SPX, -0.21% shed 5.86 points, or 0.2%, to 2,743.07, its worst string of losses since November, and the Nasdaq Composite Index COMP, -0.18% dropped 13.32 points, or 0.2%, to 7,408.14, marking its weakest stretch since April, according to Market Watch. For the week, both the Dow and the S&P 500 fell 2.2% and the Nasdaq declined 2.5%. The five-session skid for the Dow was its lengthiest since an eight-session skid ended June 21, the decline for the S&P 500 was its longest, also at five days, since a similar streak ended Nov. 14. How did major indexes fare The Dow Jones Industrial Average DJIA, -0.09% bounced off intraday lows to slide 22.99 points, or 0.1%, to 25,450.24. For the Nasdaq, the five days of losses represented its longest skid since April 25. Read Don't hit panic button' economists find jobs report wasn't as bad as 20,000 headline suggests The unemployment rate fell to 3.8% from 4%, while workers saw an 11 cent-an-hour increase in average hourly earnings, the largest gain since the end of the 2009 recession. What drove the market Investors were caught off guard by a surprisingly weak jobs number after the Labor Department announced the U.S. economy added just 20,000 new jobs in February, well below the 178,000 forecast by economists in a Market Watch poll.
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