Stocks ticked higher at Friday's open but quickly reversed lower after the August jobs report ramped up worries about a cooling labor market. At the end of the day, the three main indexes were solidly in the red, with the S&P 500 wrapping up its worst week since March 2023.
Specifically, the broad-market index slumped 1.7% to 5,408, finishing 4.3% lower on the week. The tech-heavy Nasdaq Composite fell 2.6% to 16,690, bringing its weekly loss to 5.8%, while the blue chip Dow Jones Industrial Average closed 1% lower today at 40,345 and ended 2.9% down for the week.
