published on March 8, 2019 - 1:19 PM
Written by Associated Press
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(AP) — The latest on developments in financial markets (all times local):

4 p.m.
Another down day on Wall Street left the S&P 500 with its worst weekly showing since January and its eighth loss in the last nine days.

A disappointing report on hiring by U.S. employers early Friday got trading off to a bad start and was the latest sign of weakness in the global economy.

A day earlier Europe’s central bank said it was doing a policy reversal and restoring measures to shore up that region’s economy.

Energy companies fell along with the price of crude oil. Exxon Mobil lost 1.2 percent.

The S&P 500 fell 5 points, or 0.2 percent, to 2,743.

The Dow Jones Industrial Average lost 22 points, or 0.1 percent, to 25,450. It was down 220 earlier.

The Nasdaq declined 13 points, or 0.2 percent, to 7,408.

11:45 a.m.
A weak report on hiring by U.S. employers last month added to investors’ worries about the global economy and sent stocks lower.

Energy companies fell along with the price of crude oil Friday, which slumped 3 percent to $55 a barrel. Exxon Mobil lost 1.8 percent.

Technology companies were also lower. Advanced Micro Devices lost 1.7 percent.

The S&P 500 fell 15 points, or 0.4 percent, to 2,733. The benchmark index is headed for its first weekly loss since January.

The Dow Jones Industrial Average lost 108 points, or 0.4 percent, to 25,365.

The Nasdaq declined 35 points, or 0.5 percent, to 7,386.

Bond prices fell slightly. The yield on the 10-year Treasury rose to 2.64 percent.

9:35 a.m.
Stocks are opening broadly lower on Wall Street after the U.S. government reported that hiring fell sharply last month.

Technology companies and banks led the way lower in early trading Friday. Microsoft fell 1.2 percent and Citigroup lost 1.3 percent.

Energy companies fell along with the price of crude oil, which slumped 3 percent to just under $55 a barrel. Chevron fell 1.9 percent.

The S&P 500 fell 23 points, or 0.8 percent, to 2,724. At the end of a lousy week the benchmark is headed for its first weekly loss since January.

The Dow Jones Industrial Average lost 208 points, or 0.8 percent, to 25,267.

The Nasdaq declined 78 points, or 1.1 percent, to 7,341.

Bond prices fell slightly. The yield on the 10-year Treasury rose to 2.64 percent.


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