The Dow Jones Industrial Average plunged 168.32 points to close at 13,038.27 while the Nasdaq and S&P 500 endured their worst week of the year, lopping off 68 points and 22 points, respectively.
Investors were clearly distressed by the Labor Department’s report that non-farm payrolls increased much less than expected, adding only 115,000 jobs in April—well below the 170,000 jobs most pundits had forecast. However, the overall unemployment rate did dip to 8.1%, the lowest level since January 2009.
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