The market opened lower Friday morning even though the US government reported a solid rebound in the labor market.
Continued fears about tension between the US and China may be weighing on sentiment after President Trump threatened to ban Tencent-owned WeChat unless it is sold.
Here’s where things opened today:
- The Dow fell 0.3%, or more than 75 points.
- The S&P 500 was down 0.3%.
- The Nasdaq Composite edged 0.3% lower.
About the jobs report: While the US economy added another 1.8 million jobs in July, it’s a sharp slowdown from June and a small step for an economy that’s still down 12.9 million jobs during the pandemic.