Worst week for S&P, Nasdaq after jobs report
NEW YORK (AP) – Stocks plunged on Wall Street after the government reported that hiring slowed sharply last month, the latest sign of weakness in the economy.
The Standard & Poor's 500 index and the Nasdaq composite closed out their worst weeks of the year.
The poor jobs report confirmed what investors had feared for much of the week: that the U.S. economy was slowing. Investors were already on edge as France and Greece head into elections over the weekend.
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