The U.S. stock market ended sharply lower Friday, in a broad selloff that saw the Dow Jones Industrial Average fall almost 700 points. The Dow closed 1.6% lower, while the S&P 500 slumped 1.5% and the technology-heavy Nasdaq Composite dropped 1.

The stock market fell sharply on Friday after a hotter-than-expected December jobs report had Wall Street wondering if the Federal Reserve is done cutting interest rates. The Dow Jones Industrial Average fell about 700 points,

The final jobs report of 2024 showed an uptick in hiring and a slight decrease in the unemployment rate. Get updates on stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Stocks opened lower on Friday after strong U.S. jobs data sent bond yields spiking. The Nasdaq Composite was down 1.9%. The Labor Department said the U.S. economy added 256,000 jobs in December, which was well ahead of economists' expectations at 153,

US benchmark equity indexes were lower intraday, while Treasury yields surged as markets assessed official data showing that the economy added more jobs than expected in December. The Dow Jones Industrial Average and the Nasdaq Composite were down 1.