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Dow falls 250 points, S&P 500 heads for worst week since April after labor market report

A short-lived upswing for US stocks after the stock market opened had already subsided by Friday morning.

The Dow was down in recent trading, while the S&P 500 and Nasdaq Composite extended their early losses. Both indexes were heading for their worst week since April, according to Dow Jones Market Data. The S&P 500 was on track for its fourth daily loss, its longest downward streak since April 19, Dow Jones data showed.

Here you can see the development of the shares in recent trading:

The Dow lost 144 points, or 0.4%, to end at 40,606, down 1.4% for the week.

The S&P 500 lost 49 points, or 0.9%, to close at 5,455, for a weekly loss of 3.2%.

The Nasdaq Composite lost 240 points, or 1.4%, to close at 16,883, down 4.2% from the previous week.

The losses followed an employment report for August that fell short of economists' expectations but was not quite as bad as some had expected.

Eric Freedman, chief investment strategist at US Bank, had previously told MarketWatch that the data exceeded a “whisper number” that had been circulating on Wall Street.

While stocks fell, the yield on US Treasury bonds offset a bounce following the release of the data. The moves in both markets suggested that investor concerns about the state of the US consumer and, by extension, the economy remained at the forefront.

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