Stocks fell on Friday as traders evaluated September’s jobs report, which showed the unemployment rate continuing to decline and sparked an increase in interest rates.
The Dow Jones Industrial Average fell 682 points, or 2.3%, to 29,264.39.
The Nasdaq Composite slid 3.9% to 10,651.75, which is less than 1% above its low of the year.
Friday’s jobs numbers showed the U.S. economy added 263,000 jobs in September, slightly below a Dow Jones estimate of 275,000.
Friday’s losses trimmed the gains for what started out as a big comeback week for stocks.