Stocks Were Mixed in Early Trading after Jobs Report

U.S. stocks were mixed in early tarding on Friday after the weak-than-expected August jobs data. The Dow Jones Industrial Average lately rose 16.14 points, or 0.06%, to 26,744.29. The S&P 500 edged higher 0.12 point, to 2,976.12. The Nasdaq Composite was down 7.88 points, or 0.10%, to 8,108.95.

U.S. crude oil headed sharply lower Friday. West Texas Intermediate crude for October delivery lost 82 cents, or 1.5%, to $55.56 a barrel. November Brent crude gave up 96 cents, or 1.6%, to trade at $59.99 a barrel.

The U.S. economy added fewer than expected jobs in August. The Labor Department said the U.S. economy added 130,000 jobs in August, coming in below the 170,000 expected, on average, by economists. The unemployment rate was unchanged at 3.7%.