
Wall Street's four-day rally ground to a halt on Thursday, with major indexes falling 1 per cent on caution ahead of a key labor market report expected to underscore fears the economy is headed for another recession
The Dow Jones Industrial Average fell 119.96 points, or 1.03 per cent, to finish at 11,493.57
The S&P 500 fell 14.47 points, or 1.19 percent, to close at 1,204.42. All 10 S&P sectors traded lower, led by financials and industrials.
Nasdaq composite declined 33.42 points, or 1.30 per cent, to end at 2,546.04
U.S. crude futures eased in early Asia on Friday with worries over the European economy weighing on investor sentiment and ahead of a key U.S. jobs data due later in the day.
Nymex crude oil down 26 cents at USD 88.98 a barrel, whild gold setttled at USD 1,827.40.