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.

Source: CNN

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