U.S. Stocks Open Sharply Lower, On Track For Hefty Weekly Losses

U.S. stocks opened sharply lower Friday with the main indexes on track to post hefty weekly losses. Stock prices extended early losses in the futures market as the official payrolls numbers were viewed solid enough for the Federal Reserve to consider raising rates at the September meeting. The main indexes looked at weekly losses of nearly 3%. The S&P 500 opened 23 points, or 1.2% lower at 1,928. The Dow Jones Industrial Average dropped 205 points, or 1.2%, to 16,165. The Nasdaq Composite began the day down 56 points, or 1.2% at 4,677.