Stocks opened lower Friday after strong January jobs data, including a pickup in wage growth, stoked worries over a potential inflation pickup that could spur the Federal Reserve to quicken the pace of rate increases. The S&P 500 declined 0.6% to 2,805.45, while the Dow industrials were off 198.98 points, or 0.8%, at 25,987.39. The Nasdaq Composite declined 0.5% to 7,348.12.
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