US stocks plummeted Friday as investors worried that the stronger than anticipated jobs numbers will lead the Federal Reserve to continue raising interest rates aggressively in November and December in order to squash persistent inflation.
Despite Friday's big losses, stocks still finished the week with gains, thanks to huge market rallies Monday and Tuesday. But the Dow is now back in bear market territory, more than 20% below its all-time high.
The Dow sank about 630 points, or 2.1%.
The S&P 500 fell 2.8%.
The Nasdaq Composite plunged 3.8%.