STOCKS GET HIT HARD BY UGLY JOB NEWS
The horrible numbers from the job front are rattling the financial sector.The 15 worst-performing stocks Friday following the release of the disappointing jobs report are all financial stocks, including E-Trade (ETFC), down 5.8%, Charles Schwab (SCHW) down 5.7% andCitigroup (C) down 5%, according to a USA TODAY analysis of data from S&P Global Market Intelligence. The Financial Select Sector SPDR exchange-traded fund (XLF) is down 2.2% - the hardest hit of all of the 10 market sectors.Investors are reeling from the lackluster jobs report showing just 38,000 jobs were created during the month of May, which missed expectations for 160,000 new positions from economists.