U.S. stocks dropped on Friday as investors were disappointed at the most closely watched monthly payroll data.
The Dow Jones industrial average lost 62.29 points, or 0.49 percent, to 12,657.20.
The Standard & Poor's 500 was down 9.42 points, or 0.70 percent, to 1,343.80, but posted a slight gain of 0.3 percent for the week.
The Nasdaq Composite Index dropped 12.85 points, or 0.45 percent, to 2,859.81. It was its first loss in two weeks.
On the economic front, the Labor Department said on Friday that nonfarm payrolls rose only 18,000 in June, the smallest increase since September and well below economists' expectation for a 90, 000 rise.
Meanwhile, the unemployment rate jumped to a six-month high of 9.2 percent from 9.1 percent in May, showing the jobs market was still very week.
However, losses were limited as investors were hoping corporations were still doing well as a new earnings season will officially kick off next week, with Alcoa Inc. reporting on Monday.
The market censuses were expecting that Alcoa will report its second-quarter earnings of 34 cents a share, on average. Revenue is supposed to increase to 6.28 billion dollars.
Also, Deutsche Boerse AG shareholders will vote for its proposed 24.6 billion dollars merger with NYSE Euronext on July 13.
Investors also are watching White House talks on a budget deal with Congressional leaders next week.
Light, sweet crude for August delivery fell 2.47 dollars, or 2. 50 percent, to settle at 96.20 dollars a barrel on the New York Mercantile Exchange. For the week, it still rose 1.26 dollars, or 1.33 percent.
The U.S. dollar traded mixed against major currencies in late New York trading on Friday as disappointing jobs data spurred investors' concerns about economic recovery.
Meanwhile, bond yields rose sharply as investors rushed into the relative safety of government bonds. Gold prices rose as well.
