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US: Wall St opens lower after jobs data

[NEW YORK] US stocks opened marginally lower on Friday after better-than-expected jobs data revived the possibility of a rate hike in September.

Nonfarm payrolls increased 280,000 last month, the largest gain since December, and above the 225,000 that economists polled by Reuters had expected. Average hourly earnings grew by eight cents.

The Dow Jones industrial average fell 32.53 points, or 0.18 per cent, to 17,873.05, the S&P 500 lost 4.37 points, or 0.21 per cent, to 2,091.47 and the Nasdaq Composite dropped 9.97 points, or 0.2 per cent, to 5,049.15.


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