SAN FRANCISCO (MarketWatch)
U.S. stocks closed broadly lower Friday as disappointing data on jobs growth fueled broad losses among equities and commodities, but the Nasdaq Composite managed to post its fifth-straight weekly climb
The Dow Jones Industrial Average fell 124 points, or 1%, to close at 12,772.47
The index finished off the session's low of 12,702.99 and ended down 0.8% for the week
The S&P 500 shed 13 points, or 0.9%, to 1,354.68, losing 0.6% for the week
The Nasdaq Composite shed 39 points, or 1.3%, to 2,937.33, ending the week 0.1% higher
"The market... were for the most part, prepared for the poor [jobs] number," said Robert Barone, a portfolio manager and partner at Universal Value Advisors in Reno, Nev
And while there was a reaction to the downside, by the end of the day, the markets were only off by about 1%, he said
"Some volatility -- yes. Major damage -- no
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