US stocks end week lower after jobs data bolster case for Fed tightening

US stocks slid to another weekly loss on Friday, after the latest batch of data on the labour market reinforced expectations for aggressive monetary policy tightening from the Federal Reserve.

The blue-chip S&P 500 index fell 1.6 per cent on the day, cutting into gains made on Thursday and finishing the week 1.2 per cent lower. The tech-heavy Nasdaq Composite also declined, down 2.5 per cent and giving up 1 per cent for the week.

The…