US stocks dipped on Friday and the Nasdaq fell sharply as weakness in momentum stocks weighed on indexes and erased earlier gains in the wake of the March payrolls report.The Dow Jones industrial average fell 159.84 points or 0.96 percent, at 16,412.71. The S&P 500 lost 23.68 points or 1.25 percent, at 1,865.09. The Nasdaq Composite dropped 110.01 points or 2.6 percent, at 4,127.72.
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