Friday, April 05, 2013 5:26 pm
News Summary: Stocks drop on weak jobs report
By The Associated Press
SAFETY FIRST: Utilities and telecommunication industries bucked the downward trend and rose as investors sought out companies with rich dividends and stable earnings.
PLANES, TRAINS AND FEDEX: The Dow Jones Transportation Average, which includes airlines like United and Delta Air Lines and shipping companies like UPS and FedEx, was down 3.5 percent for the week, its worst weekly decline since September. The index is seen as a leading indicator of the broader market.