Jobs selloff erases Wall Street’s gains for week

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Stocks fell about 1 percent on Friday as another month of tepid jobs growth underlined fears the economy was stalling, though not to the point where more economic stimulus from the Federal Reserve was imminent. Friday's losses meant the S&P 500 index ended the week 0.6 percent lower, with technology and industrial shares the day's biggest losers. Tech was hit by weak outlooks in the software sector, which dragged lower Dow component Hewlett Packard 3.5 percent to $ 19.57. The tech sector fell 1.8 percent while industrials were off 1.3 percent. …



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