S&P 500 declined after US jobs report on Friday

US stocks slid on Friday after news about dismal performance of the US labour market last month. The data spurred risk-aversion among investors as it may signal stagnation of the world's largest economy. From another side of the Atlantics headlines were also disappointing as borrowing costs of peripheral countries of the single currency union rose again. S&P 500 declined by 0.94% to end the week at 1352.45. All sectors poised declined on Friday, with technology and basic materials being the top-losers.  Meanwhile, Best Buy dropped 0.69% after the firm announced it will cut 600 jobs from Greek Squad.