Stocks ended another bumpy week with more losses Friday as invesetors considered the downside of the still-strong U.S. jobs market.
The S&P 500 marked its eighth losing week in the last nine. Losses in big technology companies helped pull the Nasdaq down.
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 S&P 500 fell 68.28 points, or 1.6%, to 4,108.54.
The Dow Jones Industrial Average fell 348.58 points, or 1%, to 32,899.70.
The Nasdaq fell 304.16 points, or 2.5%, to 12,012.73.
The Russell 2000 index of smaller companies fell 14.62 points, or 0.8%, to 1,883.05.