U.S. stocks finish lower, post steep weekly losses

U.S. stocks sold off on Friday to end the week with steep losses after two straight weeks of gains. Technology shares saw the biggest losses this week with the tech heavy Nasdaq Composite closing down 146.41 points, or 3.3%, at 4,363.14 on Friday and recording a 5.4% weekly loss. On Friday, investors grappled with a jobs report that had a weak headline number, but sharp improvements in wage growth and participation rate. The S&P 500 closed 35.40 points, or 1.9%, lower at 1,880.05 and ended the week 3.1% lower. The Dow Jones Industrial Average dropped 211.82 points, or 1.3%, to 16,204.83 and was down 1.6% over the week.

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From:: Stock Market News

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