U.S. stocks were near session lows on Friday as a disappointing snapshot of the labor market exacerbated worries over the U.S. economy. The Nasdaq fell into correction territory, down more than 10 percent from its 52-week high. DreamWorks (DWA) swung to surprise profit in its recent quarter, while revenue jumped 14 percent. The better-than-expected quarter is a boon for NBCUniversal, a division of Comcast (CMCSA) , which agreed to purchase the animation studio in late April. Yelp (YELP) surged after topping quarterly estimates on its top- and bottom-line in its first quarter, though higher spending did cause another loss for its fifth straight quarter. The online reviews site also boosted full-year sales guidance. Jack Dorsey's Square (SQ) plummeted after reporting a quarterly net loss nearly five times steeper than expected. TheStreet's Keris Lahiff reports from Wall Street.
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