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Market Watch: Stocks fall as investors digest September jobs report, Dow drops 400 points
Stocks fell on Friday morning as traders evaluated September’s jobs report, which showed the unemployment rate continuing to decline and sparked an increase in interest rates. The Dow Jones Industrial Average fell 416 points, or 1.4%. The S&P 500 lost 1.8%, while the Nasdaq Composite slipped 2.5%. Friday’s jobs numbers showed the U.S. economy added 263,000 jobs in September, slightly below a Dow Jones estimate of 275,000. However, the unemployment rate came in at 3.5%, down