U.S. stocks sold off Friday, ending the week lower, after the government reported that employers added fewer-than-expected jobs in April. In U.S. economic news, the Labor Department said that there was a net gain of 115,000 jobs in April, which was far less than the 160,000 jobs forecasted by economists surveyed by CNN. Still, the jobs report showed that the unemployment rate dropped to 8.1 percent, and the February and March jobs figures were revised up. The dollar was slightly higher than the euro, the pound, and the yen. Light sweet crude oil for June delivery fell $4.05 to $98.56 a barrel on the New York Mercantile Exchange, marking the first time since February that oil dipped below $100 a barrel. Gold futures rose $10.40 to $1,645.20 an ounce. All three major indexes ended lower for the week, following two consecutive weeks of gains. The S&P 500 fell 2.3 percent over the last five trading days, which marked its biggest weekly decline of the year. The Dow lost 1.3 percent, and the Nasdaq fell 3.7 percent for the week. On Friday, the Dow Jones industrial average declined 168.32, or 1.27 percent, to 13,038.27. The broader Standard & Poor's 500 index fell 22.47, or 1.61 percent, to 1,369.10. The technology-heavy Nasdaq composite index dropped 67.96, or 2.25 percent, to 2,956.34.
