U.S. stocks retreated on Friday after economic data indicated that the U.S. economy may not be as robust as thought, dampening expectations of a Federal Reserve interest-rate hike in June. The Labor Department said U.S. companies created just 38,000 new jobs last month, significantly below the 155,000 forecast by economists in a MarketWatch survey. The news comes at a time when investors have come to accept a summer rate increase as a sure bet on steady economic recovery but the weak jobs data are likely to contribute to more volatility in the market. The S&P 500 fell 6 points, or 0.3%, to close at 2,099 to finish the week flat. The Dow Jones Industrial Average dropped 31 points, or 0.2%, to end at 17,807 for a weekly loss of 0.4%. The Nasdaq shed 29 points, or 0.6%, to close at 4,942 but finished 0.2% higher for the week.
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