Stocks see worst day of the year after weak jobs report
The Dow Jones industrial average sank 275 points on Friday, chalking up its biggest one-day drop in more than six months.
Market participants had expected to see a mildly negative employment report Friday, “but it hadn’t discounted the kind of numbers we saw this morning,” Barton Biggs, a hedge fund manager at Traxis Partners, told CNBC Friday.
Photo: Trader John Panin, left, and specialist Frederick Edwards work on the floor of the New York Stock Exchange Friday. (Richard Drew / AP)
