US stocks open lower after government reports lukewarm jobs growth last month

August 2, 2013 at 1:52PM

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.

about the writer

about the writer

More from Business

See More
Hennepin Healthcare Clinic and Specialty Center,l 8th Street between Park Av and Chicago Av.
The Minnesota Star Tribune

Minneapolis-based Hennepin Healthcare says it also will suspend contributions to some worker retirement plans while pausing $24 million in capital projects.

The newly renovated Parkway Theater is next door to the new restaurant El Burrito Mercado.
card image