Wall Street off as pound crashes, jobs data keeps Fed on track

U.S. stocks slipped on Friday as a drop in the British pound injected unwanted volatility to financial markets, while a weaker-than-expected jobs report was not enough to derail expectations for a rate hike from the Federal Reserve before the end of the year. "I don't think the pound itself is going to hurt U.S. earnings, but the volatility and the big drop you’ve seen in the last week are disturbing," said Paul Zemsky, chief investment officer, Multi-Asset Strategies and Solutions at Voya