Stocks close out week lower

U.S. stocks closed lower for the week after the Labor Department said 115,000 jobs were added to the economy in April, far fewer than expected. Although the department revised its job-gains estimate for March from 120,000 to 154,000, the report was seen as evidence that a recovery in the labor market had stalled. By close of trading on Wall Street, the Dow Jones industrial average shed 168.32 points, 1.27 percent, to 13,038.27. The tech-heavy Nasdaq composite index lost 67.96 points, 2.25 percent, to 2,956.34. The Standard & Poor's 500 index lost 22.47 points, 1.61 percent, to 1,369.10. The DJIA opened the week at 13,228.31 points. The Nasdaq index opened Monday at 3,069.20. The S&P 500 opened Monday at 1,302.36. On the New York Stock Exchange, 759 stocks advanced and 2,286 declined on a volume of 3.9 billion shares traded. The 10-year benchmark treasury note was yielding 1.886 percent. The euro fell to $1.3093 from Thursday's $1.3152. Against the yen, the dollar fell to 79.88 yen from 80.17 yen. In London, the FTSE 100 index dropped 1.93 percent, 111.49, to 5,655.06.