October 20, 2021
Markets

Stock indexes close lower as jobs data spark uncertainty

Pedestrians pass the New York Stock Exchange on Monday. John Minchillo/Associated Press

Wall Street capped a wobbly day of trading with a broad slide for stocks Friday, after a weak jobs report raised questions about the Federal Reserve’s timeline to pare back its immense support for markets.

The S&P 500 fell 0.2 percent after wavering between small gains and losses for much of the day. The modest drop snapped a three-day winning streak for the benchmark index. Even so, it managed a 0.8 percent gain for the week, less than half of the index’s loss last week.

The Dow Jones Industrial Average fell 8.69 points, or less than 0.1 percent, to 34,746.25, while the Nasdaq composite slid 74.48 points, or 0.5 percent, to 14,579.54.

Wall Street reacted with uncertainty and disappointment to the highly anticipated September jobs report. U.S. stocks moved up and down throughout the day, as…

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