Dow ends well off Friday's low, Nasdaq falls 1.8% and all 3 major stock-market indexes post weekly losses in wild week

U.S. stock benchmarks closed lower Friday, but managed to finish off the day's worst levels, as investors wrestled with weaker-than-expected November jobs report. The Labor Department report showed that a mere 210,000 new jobs were created in the U.S. in November, well below estimates from economists polled by The Wall Street Journal for a gain of 573,000 new jobs.

Fed Chairman Jerome Powell and other members of the central bank's rate-setting committee have suggested that a faster tapering of asset purchases could be warranted to combat rising inflation pressures. The Dow Jones Industrial Average DJIA, -0.17% closed down 0.2% on Friday to reach 34,580, but the index had hit an intraday low at 34,264.57. For the week, the index closed down 0.9% to mark the fourth straight weekly decline. The S&P 500 index SPX, -0.84% closed the day down 0.

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