U.S. stocks opened lower on Friday, weighed down by losses in the energy sector thanks to another drop in oil prices. Market reaction to a solid jobs report appears to be negative. Continued strength in the labor market may force the Federal Reserve to raise interest rates again this year. The S&P 500 was down 9 points, or 0.5%, at 2,050. The Dow Jones Industrial Average dropped 93 points, or 0.5%, to 17,594. Meanwhile, the Nasdaq Composite fell 29 points, or 0.6%, to 4,840 at the open.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News