Stocks Opened Lower after Jobs Report

U.S. stocks opened lower on Friday, after a key report on employment showed healthy wage growth and hiring. The Dow Jones Industrial Average lately fell 72.50 points, or 0.28%, to 25,923.37. The S&P 500 declined 4.61 points, or 0.16%, to 2,873.44. The Nasdaq Composite was up 3.26 points, or 0.04%, to 7,925.98.

Oil prices drifted around the unchanged mark on Friday, triggered by an increase for U.S. refined product inventories. October West Texas Intermediate crude tacked on 22 cents, or 0.3%, to $67.95 a barrel. November Brent rose 35 cents, or 0.4%, to $76.85 a barrel.

Job gains beat expectations in August while wage growth surged past estimates during a strong month for U.S. workers. In August, the U.S. economy added 201,000 jobs and the unemployment rate held steady at 3.9%.

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