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Wall St opens lower after jobs data

Friday, August 01 15:17:47

U.S. stocks edged lower at the open, as a softer-than-expected July jobs report allayed concerns that the Federal Reserve would raise interest rates sooner than many had expected.

The Dow Jones industrial average fell 28.51 points or 0.17 percent, to 16,534.79, the S and P 500 lost 3.01 points or 0.16 percent, to 1,927.66 and the Nasdaq Composite dropped 2.00 points or 0.05 percent, to 4,367.77.

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