Disappointing jobs data sent U.S. stocks lower Friday, capping the final session of a bruising week that sent major market measures to their lowest levels this year. While Friday's trading was light ahead of the July 4th holiday weekend, investor fears of a slowing economic recovery deepened following the first drop in monthly nonfarm payrolls this year and the biggest decline in factory orders in 14 months. The day's stock declines added to losses sustained this week as the second quarter ended with a thud and the third started on shaky ground, putting the Dow on pace for its biggest weekly drop since the week of the May 6 "flash crash." In negative territory for the seventh consecutive session, the Dow was recently down 25 points, or 0.2%, to 9706, well off its lows for the day but on track for its longest losing streak since the eight-day period that ended on Oct. 10, 2008. The Dow is on pace for a drop of over 4% for the week.   Markets Hub: Jobs Data Fail To Shift Sentiment 3:26 The June jobs report left financial markets in a cautious mood and unable to put a dent in this week's heavy losses in stocks.[Read more...]