U.S. Stocks Open Lower After Solid Jobs Report, Oil Drop

By Markets MarketWatch Pulse

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.

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