Wall Street stumbles on weak jobs data

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Stocks fell more than 1 percent on Monday after a much weaker-than-expected report on March U.S. job creation last week. The S&P 500, down four sessions running, hit a more than three-week low but was expected to hold above its 50-day average, now near 1,371. The Dow industrials dipped below its 50-day average for the first time since December 20. “Obviously we had four good months and then this one weak month so we can’t call this a trend. …



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