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Published on 6 May 2022 on MarketWatch

U.S. stocks end lower after jobs data, as S&P 500 suffers its longest losing streak since 2011


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All three major U.S. stock benchmarks closed lower Friday, each booking another week of losses, as investors weighed April jobs data amid heightened stagflation fears. The S&P 500 fell for a fifth straight week, its longest losing streak since June 2011, according to Dow Jones Market Data.

On , the Dow industrials slumped 1,063.09 points, or 3.1%, its worst daily percentage drop since Oct. 28, 2020, according to Dow Jones Market Data. The S&P 500 fell 3.6%, while the Nasdaq Composite tumbled 5% for its worst daily percentage fall since June 11, 2020.

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