US STOCKS-Wall St has worst start to year ever

viernes 8 de enero de 2016 17:55 GYT

* December nonfarm payrolls 292,000 vs est 200,000

* Oil prices fall again, post heavy losses for week

* Dow down 1 pct, S&P down 1.1 pct, Nasdaq down 1 pct (Updates to close)

By Caroline Valetkevitch

Jan 8 (Reuters) - U.S. stocks closed lower on Friday, ending a volatile week with their worst five-day start to a year ever, as sliding oil prices and lingering worries about the global economy offset upbeat U.S. job growth.

Both the Dow and S&P 500 had their worst five-day starts in history, with the Dow falling 6.2 percent for the week and S&P 500 sliding 6 percent. The Nasdaq was down 7.3 percent this week.

All three indexes saw losses accelerating into the close.

The market had opened higher after data showing U.S. nonfarm payrolls surged in December and the unemployment rate held steady. But that was not enough to keep stocks in positive territory.

Oil prices fell for a fifth day and Brent lost 10 percent for the week, while the S&P energy sector also extended this week's slide, ending the day down 1.3 percent.   Continuación...