NEW YORK — Stocks are opening lower on Wall Street after the government reported only modest job growth last month.
Energy stocks fell more than the rest of the market after Chevron became the latest big energy company to report lower profits.
The Dow Jones industrial average fell 58 points, or 0.4 percent, to 15,569 in early trading Friday.
The Standard & Poor's 500 index fell four points, or 0.3 percent, to 1,702. The Nasdaq composite was down eight points, or 0.2 percent, at 3,667.
The U.S. government reported that 162,000 jobs were created last month, fewer than economists were expecting and the least since March.
The yield on the 10-year Treasury note fell to 2.63 percent from 2.71 percent.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
Business
Biden administration moves to make conservation an equal to industry on US lands
The Biden administration on Thursday finalized a new rule for public land management that's meant to put conservation on more equal footing with oil drilling, grazing and other extractive industries on vast government-owned properties.
Business
US committee releases sealed Brazil court orders to Musk's X, shedding light on account suspensions
A U.S. congressional committee released confidential Brazilian court orders to suspend accounts on the social media platform X, offering a glimpse into decisions that have spurred complaints of alleged censorship from the company and its billionaire owner Elon Musk.
Business
San Francisco sues Oakland over new airport name that includes 'San Francisco'
San Francisco on Thursday sued Oakland after officials there voted in favor of changing the name of the city's airport to San Francisco Bay Oakland International Airport, saying the change will cause confusion and is already affecting its airport financially.
Business
Google fires 28 workers in aftermath of protests over big tech deal with Israeli government
Google has fired 28 employees in the aftermath of protests over technology that the internet company is supplying the Israeli government amid the Gaza war, further escalating tensions surrounding a hot-button deal.
Business
First major attempts to regulate AI face headwinds from all sides
Artificial intelligence is helping decide which Americans get the job interview, the apartment, even medical care, but the first major proposals to reign in bias in AI decision making are facing headwinds from every direction.