Closing Bell: Crude Posts Weekly Loss; U.S. Stocks Slide After May Jobs

U.S. stocks clawed back from session lows to settle with only modest losses. A big bust on the May jobs report had led Wall Street in a selloff earlier in the day. Stocks ended mixed for the week. Crude oil closed below $49 a barrel after the number of active U.S. oil rigs drilling for crude rose by nine in the past week. That's one of the largest increases so far this year. Crude closed down 1.4 percent for the week. Ambarella (AMBA) - Get Report moved sharply higher after topping estimates in its first quarter. The camera chipmaker's management expects increased demand for drones, wearables and home security to drive growth in the second half of the year. GrubHub (GRUB) - Get Report has added Apple (AAPL) - Get Report Pay as one of its payment options, meaning users can tap into their Apple ID info through the app.