After break, investors put on brakes

U.S. stocks headed lower Monday morning as investors reacted to a report released on Good Friday, when markets were closed. The Labor Department said Friday that 120,000 non-farm jobs were added to the economy in March, far short of the 203,000 jobs economists expected. But investors took until Monday morning to adjust their positions. Otherwise, there are no major economic reports due this week until the March Consumer Price Index, which is due for release on Friday the 13th. In midmorning trading on Wall Street, the Dow Jones industrial average was down 1.08 percent, losing 141.07 points to 12,919.07. The tech-dominated Nasdaq composite index gave up 32.34 points to 3,048.75, off 1.03 percent. The Standard and Poor's 500 index shed 16.89 points to 1,381.19, off 1.21 percent. The 10-year treasury note rose 8/32 to yield 2.032 percent. The euro fell to $1.3062 from Thursday's $1.3096. Against the yen, the dollar fell to 81.37 from Thursday's 81.63 yen. In Tokyo, the Nikkei 225 index shed 1.47 percent, 142.19, to 9,546.26.