NEW YORK (AP) -- U.S. stocks are closing with their biggest declines this year after a dismal jobs report and troubling economic news from overseas.
The government said Friday that employers added a net 69,000 jobs in May, far fewer than analysts expected. Unemployment in the 17 countries that use the euro stayed at a record-high 11 percent, and there were signs that China's growth is slowing.
The Dow Jones industrial average closed down 275 points at 12,118, its biggest decline since November. The Dow is down 0.8 percent for the year.
The S&P 500 index closed down 32 points at 1,278. The Nasdaq composite index closed down 80 points at 2,747.
Six stocks fell for every one that rose on the New York Stock Exchange. Trading volume was heavy at 4.58 billion shares.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.