The stock market was falling on Friday as investors digested the November jobs report. The labor market is stronger than the headline result would suggest, making the Federal Reserve more likely to act more hastily in removing monetary support from the markets and the economy.
In midday trading, the Dow fell 239 points, or 0.7%, one day after the blue-chip benchmark rallied 617 points. The S&P 500 was down 1.5%, while the Nasdaq Composite was down 2.8%. All three indexes initially rose after the weaker-than-expected jobs…