Labour Department news lowers Dow

Wall Street ended a record-breaking week quietly today, edging lower after the Labour Department said US employers added far fewer jobs than expected last month. The major indexes all scored big gains for the week.

While the jobs report gave investors further confirmation that the economy is slowing – employers created just 51,000 new jobs last month, well off the 120,000 Wall Street expected – the market is now concerned that the economy might be moderating too much.