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What are investors to make of ugly jobs report?

Friday, 10 Jan 2014 | 1:14 PM ET
Jobs number shock
Friday, 10 Jan 2014 | 12:00 PM ET
December's nonfarm payrolls report came in sharply lower than expected, leaving investors and the Federal Reserve in a quandary. CNBC's Patti Domm and Jeff Cox discuss the implications.

Friday's nonfarm payrolls report stunned Wall Street, which had been trading on the notion that the economy was on a steady trajectory higher.

Whether it was just the weather or something worse, stocks moved lower in the afternoon as investors began to wonder whether the Federal Reserve had gotten ahead of itself in reducing its monthly stimulus program.

It was setting up to the first losing day for the market after eight-straight positive "Jobs Fridays."

CNBC's Patti Domm and Jeff Cox sort out of the ramifications in the accompanying video.

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