NEW YORK — U.S. stocks slipped a bit on Friday, followi ng other markets around the world lower, amid concern that the best week for the S&P 500 in eight months may have been overdone. Stocks have rallied sharply since Monday and had erased all their earlier losses from worries about economic fallout from a new virus from China that’s rapidly spreading. The recent gains were so strong, however, that some market watchers caution that stocks may have gotten ahead of themselves. A government report on Friday morning showed that many more jobs were created in January than economists expected. Employers added 225,000 last month, comfortably above forecasts for 161,500 and December’s pace of 147,000.

Source: International New York Times February 07, 2020 15:05 UTC