US Stocks End Week Lower After Slew of Jobs Data: Markets Wrap

US stocks slumped after a spate of jobs reports tamped down speculation the Federal Reserve would leave interest rates unchanged later this month.

The S&P 500 fell 1.2% over the shortened holiday week while the Nasdaq 100 slid 0.9%. Yield on the two-year Treasury drifted down to 4.94% on Friday as investors digested government jobs data that fell short of estimates but brought signs that wage inflation remained a threat to the Fed’s fight against price gains.

Overall, the data showed signs of cracks in the American labor market, a day after a private payrolls report suggested resilience that may ...