NEW YORK: US stocks tumbled Monday after last week's disappointing jobs report showed a hiring slump that raised concerns about the strength of the economic recovery.
The Dow Jones Industrial Average was down 128.66 points (0.99 percent) to 12,931.48 in closing trade.
The broad-market S&P 500 shed 15.87 points (1.14 percent) to 1,382.21, while the tech-heavy Nasdaq dropped 33.30 points (1.08 percent) to 3,047.20.
It was Wall Street's first chance to react to the government's labor data, released when the US markets were closed for Good Friday.
The sell-off "is understandable" after the government reported the economy created a meager 120,000 jobs in March, well below analyst forecasts of 200,000, said Dick Green at Briefing.com.
"That was indeed a disappointment and while still a solid increase, reduces the underlying optimism towards the economic outlook that had been created by three straight prior months of in excess of 200,000," he said.
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