(CNBC) Stocks dropped more than 1 percent across the board Friday, with all key S&P sectors in the red, following a much weaker-than-expected March unemployment report in addition to ongoing worries over North Korea.

The Dow Jones Industrial Average tumbled more than 150 points, dragged by Cisco and Bank of America.

The S&P 500 and the Nasdaq also slumped sharply. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, spiked above 15.

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