The Dow Jones Industrial Average on Friday was set to shed about 740 points for the week, marking its worst weekly slide since Jan. 8, 2016, when it shed 1,078 points, according to FactSet data. The Dow was down 312 points, or 1.1%, on Friday as Treasury yields gathered steam following an upbeat jobs report. On a percentage basis, the weekly decline would also be the worst for the blue-chip gauge since the 6.2% weekly decline also since early January of 2016. Rising yields can undercut appetite for assets perceived as risky like stocks. The S&P 500 index , meanwhile, was down 1.1%, at 2,792, while the Nasdaq Composite Index gave up 1.1% at 7,301.
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