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Stocks End Down for Fifth Week on Jobs News
03 Jun 2011 EDT - CNBC.com
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Stocks finished lower for the fifth-consecutive week Friday after the disappointing government jobs report in addition to other weak economic news throughout the week indicated signs of a slowdown.

The Dow Jones Industrial Average fell 97.29 points, or 0.79 percent, to end at 12,151.26. The blue-chip index recovered from a 144-point drop earlier in the session.

The S&P 500 shed 12.78 points, or 0.97 percent, to close at 1,300.16.

The tech-heavy Nasdaq slid 40.53 points, or 1.46 percent to finish at 2,732.78. The CBOE Volatility Index, widely considered the best gauge of fear in the market, slipped 0.77 percent to finish at 17.95.

For the week, the Dow declined 2.33 percent, the S&P shed 2.29 percent and the Nasdaq dropped 2.32 percent. This is the first time the Dow has fallen five weeks in a row since July 2004, and the first time for the five-week stream by the S&P 500 since July 2008.

While no Dow components finished the week in the positive territory, Pfizer had the least negative impact on the blue-chip index, down 0.43 percent, while Caterpillar was the biggest laggard, sliding 3.35 percent.

All key S&P sectors finished lower this week, the first time since the 2010 market lows in July.

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