Stocks fell sharply on Friday as a strong jobs report led investors to speculate that the Federal Reserve could raise interest rates as soon as June as the economy continues to strengthen.
The Dow Jones industrial average fell 278.94 points, or 1.5 percent, to 17,856.78.
The Standard & Poor's 500 index dropped 29.78 points, or 1.4 percent, to 2,071.26.
The Nasdaq composite lost 55.44 points, or 1.1 percent, to 4,927.37.
For the week:
The Dow is down 275.92 points, or 1.5 percent.
The S&P 500 is down 33.24 points, or 1.6 percent.
The Nasdaq is down 36.16 points, or 0.7 percent.
For the year:
The Dow is up 33.71 points, or 0.2 percent.
The S&P 500 index is up 12.36 points, or 0.6 percent.
The Nasdaq is up 191.32 points, or 4.04 percent