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(CNBC) Stocks fell on Friday after the U.S. government released employment data that badly missed expectations, adding to growing concerns that the global economy may be slowing down.

The Dow Jones Industrial Average pulled back 126 points as Exxon Mobil and Pfizer lagged. The S&P 500 fell 0.65 percent as the energy and consumer discretionary sectors dipped. The Nasdaq Composite slid 0.6 percent.

Equities came well off their lows in late-morning trading. At its session low, the Dow was down more than 200 points.

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