U.S. stocks went down Friday as sharp losses in Apple shares weighed on the market amid the stronger-than-expected jobs data.
The Dow Jones Industrial Average declined 109.91 points, or 0.43 percent, to 25,270.83. The S&P 500 was down 17.31 points, or 0.63 percent, to 2,723.06. The Nasdaq Composite Index fell 77.06 points, or 1.04 percent, to 7,356.99.
Apple shares plunged 6.63 percent at the , denting the broader tech sector.
The U.S. smart phone maker reported Thursday better-than-expected earnings and revenue. However, its iPhone shipments missed estimates.
Nine of the 11 primary S&P 500 sectors d lower, with technology and real estate down 1.89 percent and 0.93 percent, leading the laggards.
On the economic front, U.S. total nonfarm payroll employment rose by 250,000 in October, easily beating forecasts, according to a report by the Department of Labor on Friday.
Job gains occurred in health care, manufacturing, construction, transportation and warehousing, said the report.
The amount of money the average employee earns rose 0.18 percent last month to 27.30 U.S. dollars an hour, also topping expectations.
Meanwhile, U.S. unemployment rate remained at 3.7 percent in October, matching market consensus.
Solid jobs report indicated a robust economy but also caused worries that rising wages and increasing inflationary pressures would push the Federal Reserve to increase rates at a faster pace, experts noted.
