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Stocks Post Biggest Weekly Decline in 2012
06 Apr 2012 EDT - CNBC.com
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US stocks had a disppointing week as worries about the euro zone and the jobs front made investors hesitant to jump in.

The last session of the week on Thursday was lackluster as the major indexes ended largely unchanged after suffering some major volatility earleir in the week. Volatility may return on Monday as markets digest the latest employment numbers.

Those figures, released on Good Friday when equity markets were closed, showed a 120,000 gain in nonfarm payrolls, well below the 203,000 expected. It was the first big disappointment on the jobs front in months.

The unemployment rate, however, declined to 8.2 percent. ( CNBC Explains: Payroll vs. Unemployment Rate )

Stock futures , open on Good Friday, immediately fell, and bond yields also fell, as investors moved to the safety of bonds.

Already for the shortened week all three major averages logged their worst decline this year.

The Dow Jones Industrial Average slipped 14.61, or 0.11 percent, to close at 13,060.14, declining for a third-straight session, led by Alcoa and GE .

The S&P 500 erased 0.88 points, or 0.06 percent, to finish at 1,398.08. The Nasdaq added 12.41, or 0.40 percent, to end at 3,080.50.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, ended above 16.

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