"The economy does continue to grow, but slowly"
- John Carey, a fund manager at Pioneer Investments
U.S. stocks fell on Monday after a report showed the U.S. economy added less jobs than expected.
The Standard & Poor's 500 tumbled by 1.14%, or 15.88 points, to 1,382.20. The Dow Jones Industrial Average erased 1.00%, or 130.55 points, to 12,929.59. The Nasdaq Composite Index declined by 1.08%, or 33.42 points, to 3,047.08.
"The economy does continue to grow, but slowly," John Carey, a fund manager at Pioneer Investments in Boston, said in a telephone interview.
"That's been the source of frustration for a lot of investors, that we haven't had the big forward movement in the economy like we have in the past."
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