Friday

U.S. stocks closed in the red, making this the fifth straight weekly decline as a dismal jobs report added to the drumbeat of investor concerns about a slowing economy. The Dow Jones Industrial Average fell .79%, led lower by drops in Alcoa and DuPont. The government's jobs report showed hiring by U.S. companies slowed markedly in May, while the unemployment report kept rising. The Labor Department said nonfarm payrolls rose by 54,000 last month as the private sector posted the smallest job gain in nearly a year. The jobless rate, which is obtained from a separate household survey, unexpectedly rose to 9.1% in May. DJIA -97.29 Nasdaq -40.53 S&P 500 -12.78.