Wall Street fell sharply Friday after the government’s much-anticipated employment report showed weaker-than-expected job growth and a rise in the unemployment rate. The Nasdaq composite index, also pummeled by a downgrade of Intel Corp., skidded more than 3.5 percent, while the Dow Jones industrials fell more than 1.5 percent.

The Nasdaq declined 98.03, or 3.77 percent, to 2,504.65. The Dow fell 256.54, or 1.96 percent, to 12,800.18, while the Standard & Poor’s 500 index declined 35.53, or 2.46 percent, to 1,411.63.

The Dow Jones industrial average ended the week down 565.69, or 4.23 percent, at 12,800.18. The Standard & Poor’s 500 index finished down 66.86, or 4.52 percent, at 1,411.63. The Nasdaq composite index ended down 169.81, or 6.35 percent, at 2,504.65.