Market Retreats; Chelsea Climbs
Stocks retreated from a five-month high after a blockbuster US jobs report dashed hopes that the Federal Reserve would slash interest rates this month.
The Philippine Stock Exchange index, the 30-company benchmark, fell 66 points, or 0.8 percent, to close at 8,051.52 Monday. Despite the loss, it was still up 7.8 percent since the start of the year.