U.S. stocks closed lower and bond prices surged Friday after the government reported a sharp slowdown in hiring last month. Banks fell more than the rest of the market as traders anticipated that the Federal Reserve would hold off on raising its key interest rate for a while longer. The dollar also fell against other currencies.
The Dow Jones industrial average fell 31.50 points, or 0.2 percent, to 17,807.06.
The S&P 500 index slid 6.13 points, or 0.3 percent, to 2,099.13.
The Nasdaq gave up 28.85 points, or 0.6 percent, to 4,942.52.
For the week:
The Dow is down 66.16 points, or 0.4 percent.
The S&P 500 is up 0.07 points.
The Nasdaq is up 9.01 points, or 0.2 percent.
For the year:
The Dow is up 382.03 points, or 2.2 percent.
The S&P 500 is up 55.19 points, or 2.7 percent.
The Nasdaq is down 64.89 points, or 1.3 percent.