U.S. stocks open lower after disappointing jobs report

U.S. stocks opened lower Friday after government data showed the economy created only 38,000 jobs last month, the weakest level of hiring in nearly six years. The weak jobs report was viewed as likely to prevent the Federal Reserve from delivering a rate increase this month, analysts said. The S&P 500 fell 6 points, or 0.3%, to 2,099. The Dow Jones Industrial Average lost 59 points, or 0.3%, to 17,780 at the open. Meanwhile, the Nasdaq Composite began the session down 14 points, or 0.3%, at 4,957.

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From:: Stock Market News

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