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ERROR: type should be string, got "https://www.barrons.com/articles/dow-falls-disappointing-jobs-report-nas-worry-over-jobs-report-november-1544203439\nIntraday Update\nDow Falls 350 Points Because on Economic Growth, Doubt Springs Eternal\nDec. 7, 2018 12:28 pm ET\nIllustration by Michael Haddad\nRed Romp. After inching upward in early trading, all three major U.S. stock indexes were back in the red on Friday afternoon, hurt by a downbeat jobs report. In today’s Intraday Update, we…\n…Take a look at the jobs report;\n…Hope it means a slowdown at the Fed;\n…And see what’s eating Big Lots (ticker: BIG).\nFriday Fallout\nStocks looked poised to end the week on a downbeat note, with the Dow Jones Industrial Average off 1.3%. The S&P 500 was down 1.2% and the Nasdaq Composite had fallen 1.5%.\nRegister for Our Webinar\non Economic Uncertainty\nJoin us on Dec. 8 for a live conversation about economic uncertainly and where we go from here. We’ll discuss a range of issues—the trade war, oil prices, Brexit—and we’ll answer questions from listeners.\nThe big headline from this morning was the November jobs report, which showed a faster-than-expected slowdown in hiring, with downward revisions for the previous two months as well.\nPlante Moran Financial Advisors’ Jim Baird argues that it’s all a matter of perspective. “There’s no question that the pace of the expansion is slowing, and that is apparent in the jobs report as well,” he says. “Still…[t]he risk of recession still appears to be quite limited, and the jobs market still looks quite favorable for those looking for work. There’s a vast difference between slower growth and no growth.”\nIt’s also important to remember how long the U.S. economy has been going at full steam, and given projections for a slower 2019, investors shouldn’t be surprised if the data is trending toward a soft landing. A gain of 155,000 jobs brings the six-month and one-year moving-average gains to around 200,000 notes Alliance Bernstein’s Eric Winograd.\nThat’s roughly double the 100,000 needed to absorb new workers into the labor pool and keep unemployment lower for longer. “It is remarkable to see headline gains this strong so far into an expansion, and I expect the rate of hiring to slow in the coming months, particularly with wages picking up,” he says.\nMoreover, while stocks are falling at present, one could argue that a bad report could be good news if it persuades the Federal Reserve to take a more dovish stance following the widely expected interest-rate increase this month. “It was a Goldilocks report—weak enough to convince investors the Fed can slow their tightening, but strong enough not to get people more worried about a recession,” argues FTSE Russell’s Alec Young.\nStill, after a bull market that has lasted nearly 10 years, the sugar high of lower corporate taxes, and a long stretch of easy money, it’s never easy to buckle down for harder times. “Currently, the issue facing stock investors is whether the contemporary struggle in the stock market is comparable, not in magnitude but in character, to 1987 or 2007,” writes The Leothold Group’s Jim Paulson. “That is, do ‘problems aplenty’ today reflect the endgame of the recovery (like they did in 2007) or do they simply exemplify a market adjustment to the relatively new character of a full employment recovery.”\nEither way, he argues, the strategy is the same for now—get defensive, and if the correction gets more serious, try to gauge whether it’s the start of a bear market or a buying opportunity.\nHappy Friday?\nMidday Movers\nAlphabet (GOOGL) was down 1.8% to $1,058.35 while Tencent (TCEHY) was up 2% to $40.22 on reports that the two tech giants are considering a cloud-computing partnership.\nBig Lots (BIG) fell 22.3% to $31.30 after reporting third-quarter earnings. The warehouse club lost 16 cents a share on revenue of $1.15 billion, while analysts were looking for the company to break even with revenue of $1.14 billion. For the fourth quarter, Big Lots sees earnings per share of $2.20 to $2.40, below the $2.93 consensus estimate.\nCorbus Pharmaceuticals (CRBP) gained 5% to $6.99 after RBC Capital Markets initiated coverage with an Outperform rating.\nEOG Resources (EOG) is up 3.8% to $105.96. While energy stocks in general gained on the OPEC-Russia deal, EOG was the only stock JPMorgan Chase upgraded in issuing a cautious outlook on the E&P sector.\nYelp (YELP) rose 3.3% to $35.55 after being added to the S&P Midcap 400.\nRed Romp."