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In this photo provided by the New York Stock Exchange, a pair of traders work on the floor, March 8, 2022. (Courtney Crow/New York Stock Exchange via AP)
STAN CHOE and DAMIAN J. TROISE – AP Business Writers
NEW YORK (AP) — Stocks ended another bumpy week with more losses Friday as investors considered the downside of the still-strong U.S. jobs market.
The S&P 500 fell 1.6%, marking its eighth losing week in the last nine.
Losses in big technology companies helped pull the Nasdaq down 2.5%.
The Dow Jones Industrial Average lost 1%.
A report showing stronger hiring last month than expected is good news for the economy amid worries about a possible recession.
But many investors saw it keeping the Federal Reserve on its path to hiking interest rates aggressively.
The yield on the 10-year Treasury note rose to 2.95%.
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