NEW YORK —
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.
The Dow Jones industrial average closed down 168 points at 13,038 Friday. It was the second-worst weekly decline for the Dow this year.
The S&P slipped 22 points to 1,369, while the Nasdaq fell 68 points to 2,956.
Falling stocks outnumbered rising ones three-to-one. Volume was average at 3.9 billion shares.
Business
Worst week for S&P, Nasdaq after jobs report
- Business
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Stocks mixed as investors reassess Fed worries
Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower.
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Between economy and trouble, Obama approval steady
The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way.
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Other companies challenging contraception mandate
Hobby Lobby Stores Inc. is challenging the part of the federal health care law that requires for-profit companies to offer employees health coverage that includes products the business owners find morally objectionable, such as certain types of contraception.
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Stricken Japan nuke plant struggles to keep staff
Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant’s operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission it.
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Birth control coverage up for federal appeal
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.
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Ammonia leak at Kan. plant sends 7 to hospital
Seven people have been released from an Emporia hospital after an ammonia leak at the city’s Tyson Foods plant.
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Markets roiled by Nikkei’s 7.3 percent slide
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago.
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BP donates $500K to Moore tornado relief effort
Oil company BP is donating $500,000 to the tornado relief effort in Moore.
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First Look: New Xbox elegant, but much unknown
Will gamers want One?
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Median CEO pay rises to $9.7 million in 2012
CEO pay has been going in one direction for the past three years: up.
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