Wall Street falls after jobs data

Wall Street fell more than 1% on Friday, with the Dow industrials going briefly negative for the year, after US jobs growth was anemic in May, compounding worries over soft Chinese factory data and triggering fears of a further slowdown in the global economy.

The Dow Jones industrial average dropped 143.04 points, or 1.15%, to 12,250.41. The Standard & Poor's 500 Index dropped 16.86 points, or 1.29%, to 1,293.47. The Nasdaq Composite Index dropped 39.93 points, or 1.41%, to 2,787.41.