Two of the three major stock averages closed higher on Friday, but it wasn't enough to offset another dismal week.
In the past five days, the
Dow Jones Industrial Aveage
lost 6.1%, the
fell 7% and the
Also Friday, the unemployment rate -- 8.1% -- hit a 25-year high. The U.S. shed 651,000 jobs in February.
Along with the data for last month, downward revisions to the prior two months showed even more workers lost their jobs than previously reported. For January, the government now says 655,000 jobs were lost, compared with the original 598,000 number. In December, 681,000 jobs vanished vs. 577,000 originally reported.
Maybe Friday's finish for stocks was a flicker of hope. Where do you think the market is headed next week? Please vote in our poll below.