Wall Street ends down after stunning jobs growth raises Fed questions

The Dow fell 127.93 points, or 0.38%, to 33,926.01, the S&P 500 lost 43.28 points, or 1.04%, to 4,136.48 and the Nasdaq dropped 193.86 points, or 1.59%, to 12,006.96. — Reuters

NEW YORK: Major US stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports.

The S&P 500 still posted a gain for the week, which included a string of major market events, and stood not far from five-month highs. The Nasdaq tallied its fifth straight weekly rise, its longest such streak since late 2021.