(CNBC) U.S. stocks dropped on Friday, pulling benchmarks back into the red for the year, as the December jobs report topped expectations but hourly earnings declined, and investors tracked events in France after Wednesday’s massacre at Charlie Hebdo magazine in Paris.
Market analysts generally downplayed the notion that Friday’s declines had much to do with the labor report.
“It’s been such a volatile week, people shouldn’t read too much into one-day moves,” David Kelly, chief market strategist at JPMorgan Funds, said, referring to a week that has so far had the Dow Jones Industrial Average finishing each day a triple-digit move in either direction.
