U.S. stocks keep falling after jobs report

U.S. stocks pared early gains to end lower Friday, with both the S&P 500 and the Nasdaq Composite Index extending their losing streak to a ninth straight day, as investors digested the country's nonfarm payroll report.

The Dow Jones Industrial Average fell 42.39 points, or 0.24 percent, to 17,888.28. The S&P 500 lost 3.48 points, or 0.17 percent, to 2,085.18. The Nasdaq Composite Index was down 12.04 points, or 0.24 percent, to 5,046.37.

U.S. total nonfarm payroll employment rose by 161,000 in October, worse than market expectations of 175,000, and the unemployment rate was little changed at 4.9 percent, according to the Labor Department Friday.

Federal Open Market Committee participants won't necessarily see it as overwhelming proof of a need to hike rates, but it keeps them on track for a December rate increase while investors wait for the November report, said Chris Low, chief economist at FTN Financial.

October's nonfarm report is the final payrolls data before the U.S. presidential election on Nov. 8.

Investors became nervous and cautious recently amid uncertainties about market reactions to the outcome of Tuesday's election.

Meanwhile, the U.S. Department of Commerce announced Friday that the goods and services deficit was 36.4 billion U.S. dollars in September, down 4.0 billion dollars from 40.5 billion dollars in August, revised.

Uncertainties about market reactions to the outcome of the U.S. presidential election on Nov. 8 also weighed on the market. The race between Republican Donald Trump and his Democratic counterpart, Hillary Clinton, has become tighter since last week, when the FBI said it was investigating new emails related to Clinton.

For the week, all three major indices suffered big losses, with the Dow, the S&P 500 and the Nasdaq going down 1.5 percent, 1.9 percent and 2.8 percent, respectively. Enditem