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Dow ends well off Friday's low, Nasdaq falls 1.8% and all 3 major stock-market indexes post weekly losses in wild week

·1 min read
Dow ends well off Friday's low, Nasdaq falls 1.8% and all 3 major stock-market indexes post weekly losses in wild week
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  • COMP
  • ^GSPC
  • ^DJI

U.S. stock benchmarks closed lower Friday, but managed to finish off the day's worst levels, as investors wrestled with weaker-than-expected November jobs report. The Labor Department report showed that a mere 210,000 new jobs were created in the U.S. in November, well below estimates from economists polled by The Wall Street Journal for a gain of 573,000 new jobs. However, analysts say the lackluster jobs gain isn't likely to alter the Federal Reserve's plan to accelerate the scaling back of it