U.S. stocks tumbled, sending the Dow Jones Industrial Average to its biggest drop since April 20, as a worse-than-projected decrease in jobs added to concern that rising unemployment will prolong the recession. Treasuries rose, while oil retreated to a five-week low.

Home Depot Inc., Alcoa Inc. and Travelers Cos. lost at least 3.8 percent after the Labor Department said payrolls shrank by 467,000 jobs last month, 102,000 more than the average economist estimate. Lear Corp., the second-biggest maker of automotive seats, plunged 52 percent on plans to file for bankruptcy. Europe’s Dow Jones Stoxx 600 Index slid 2.6 percent, the most in almost two weeks, following the jobs report.

The S&P 500 tumbled 2.9 percent to 896.42 at 4:29 p.m. in New York, extending its slump since June 12 to 5.3 percent and erasing its 2009 gain. The Dow retreated 223.32 points, or 2.6 percent, to 8,280.74. Fourteen stocks fell for each that rose on the New York Stock Exchange, the broadest decline since May 13. About 734 million shares changed hands on the floor of the NYSE, the slowest trading day of the year.

The S&P 500 lost 2.5 percent over the past four days to cap a third straight weekly drop, the longest stretch of declines since March. The stock market’s slump since June 12 was spurred by concern the S&P 500’s 40 percent surge since March 9 outpaced prospects for a recovery in the economy and corporate profits.

The NYSE close was delayed 15 minutes because of “connectivity problems” today. U.S. markets will be closed tomorrow for the July 4th holiday.