New York (CNN Business) Stocks fell Friday, despite a solid August jobs report. The S&P 500 fell 0.8% and the tech-heavy Nasdaq Composite dropped 1.3% -- but both indexes also ended Friday well off their lows of the day. Investors were selling even though the US economy added 1.4 million jobs in August, which was in line with expectations, but it was down from the 1.7 million jobs added in July and 4.8 million in June. Every person who can go back to work is a win for the recovery from the coronavirus-fueled joblessness crisis, but America is still down 11.5 million jobs from February. The stock finished Friday with a 3% gain after dipping 6% earlier in the day.

Source: CNN September 04, 2020 13:51 UTC