U.S. Stocks Edge Lower After Payrolls Data
The U.S. stock market opened marginally lower on Friday as investors digested the latest employment data, showing 214,000 new jobs were added last month. The headline number was softer than expected, however, upward revisions to the previous two months more than made up for it. The unemployment rate ticked down to 5.8% even as labor participation increased slightly. The S&P 500 opened 2 points, or 0.1%, lower at 2,029.74. The Dow Jones Industrial Average slipped 29 points, or 0.2%, to 17,522.97. The Nasdaq Composite began the day down 4 points, or 0.1%, at 4,634.94.
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