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Stocks close lower for fifth straight week

The Dow closed down more than 90 points after the Department of Labor released a discouraging jobs report on Friday

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Shares of Quiksilver jumped more than 10 percent after the apparel retailer posted results that beat estimates, helped by robust domestic sales. In addition, Piper Jaffray raised the firm to "overweight" from "neutral."

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Newell Rubbermaid saw the biggest percentage drop on the S&P 500, tumbling more than 10 percent, after the storage container maker cut its forecasts for the year and said current quarter results will miss expectations.

Orexigen Therapeutics plunged more than 30 percent after news the FDA would not approve the drug Contrave, an obesity drug.

GT Solar International jumped after news the solar and LED equipment maker received a $460.4 million order from a Chinese firm.

And Tesla gained after news that electric car maker was able to price a share offering at a higher price than expected. Funds from the offering will be used to develop Tesla's Model X SUV.

The dollar declined against a basket of currencies after the jobs report and as the euro surged after the European Union, International Monetary Fund and European Central Bank completed an inspection of Greece, and will make a tranche of international aid available for the troubled nation by early July.

Oil prices were mostly flat as U.S. light, sweet crude slipped 18 cents, to settle at $100.22 a barrel, while London Brent crude traded around $116 a barrel.

In Europe, stocks ended lower and posted their sharpest weekly loss in 2-1/2 months, while traders in Asia braced for policy tightening for China over the weekend.