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Rally Interrupted as Jobs Data Leaves S&P 500 Unchanged for Week

  • S&P 500 fell from 7-month high Friday as U.S. hiring weakened
  • Technical resistence of 2,100 again proves hard to overcome
A contractor uses a nail gun to attach boards to wood frames during the construction of residential housing in the Norton Commons subdivision in Louisville, Kentucky, U.S., on Monday, Nov. 16, 2015. The U.S. Census Bureau is scheduled to release housing starts figures on November 18.
Photographer: Luke Sharrett/Bloomberg

The budding optimism that lifted U.S. equities to a seven-month high couldn’t stand up to Friday’s employment report.

Stocks in the the S&P 500 Index ended the week little changed despite a late rally that pared losses in the final session, after the weakest labor report in six years strained hopes for a quick economic rebound. As traders pushed back expectations for the Federal Reserve’s next interest-rate increase, banks had one of their worst days since shares bottomed in February.