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US stocks turned lower at the close Friday as investors digested the August jobs numbers and fresh uncertainty in Europe’s energy crisis.
Early in the day, payroll data showed a gain of 315,000 jobs last month, which was close to economists’ expectations. Then, traders were hit with fresh news out of Europe, where Russia’s state-run energy giant Gazprom said it would delay the restart of the Nord Stream gas pipeline.
“Markets don’t like uncertainty, they like visibility and anchoring,” said Jeff Biemen, chief market technician at TheoTrade.
Friday’s sell-off left stocks with a third consecutive weekly loss.
