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U.S. Stocks Turn In Lackluster Performance After Monthly Jobs Data

(RTTNews) - Following a three-day winning streak, stocks showed a lack of direction over the course of the trading session on Friday. The major averages spent most of the session bouncing back and forth across the unchanged line.

The major averages finished the day in negative territory, with the Nasdaq underperforming its counterparts. While the Nasdaq fell 74.49 points or 0.5 percent to 14,579.54, the Dow edged down 8.69 points or less than a tenth of a percent to 34,746.25 and the S&P 500 dipped 8.42 points or 0.2 percent to 4,391.34.

Despite closing lower on the day, the major averages all moved to the upside for the week. The Dow jumped by 1.2 percent, the S&P 500 advanced by 0.8 percent and the Nasdaq inched up by 0.1 percent.

The choppy trading on Wall Street came after the Labor Department's closely watched monthly jobs report showed much weaker than expected job growth in the month of September.

The report said non-farm payroll employment rose by 194,000 jobs in September after climbing by an upwardly revised 366,000 jobs in August.
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