U.S. stocks open lower adding to losses after shocking jobs report

U.S. stocks opened lower on Monday, on track to fall for a second session following Friday’s shocking January payrolls report. The S&P 500
SPX,
-0.65%
fell 19 points, or 0.5%, to 4,118. The Nasdaq Composite
COMP,
-0.95%
shed 82 points, or 0.7%, to 11,924. The Dow Jones Industrial Average
DJIA,
-0.16%
was off 91 points, or 0.3%, to 33,834. Stocks tumbled following Friday’s jobs data, which showed more than half a million jobs were created in the U.S. last month, far surpassing economists’ expectations. The data have made some bet that the Federal Reserve may need to do more to conquer inflation given the state of the labor market.