Dow Jones Industrial Average Plunges On Weak August Jobs Report
This story was updated at 4 p.m. EDT
U.S. stocks closed sharply lower Friday after the economy added fewer-than-expected jobs in August, suggesting the Federal Reserve will hold off on raising interest rates at its meeting later this month. Equities pared losses in the final hour of trading Friday, with the Dow Jones Industrial Average closing down 272 points after falling as much as 345 points in the afternoon.
Despite paring some losses, all three major indexes lost 3 percent for the week.