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U.S. stocks open lower after stronger-than-expected jobs report

Clyde Edgerton by Clyde Edgerton
December 8, 2023
in Markets
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U.S. stocks opened lower as investors weighed a jobs report that was slightly stronger than forecast. The Dow Jones Industrial Average
DJIA,
+0.24%
was down 0.1% soon after the opening bell, while the S&P 500
SPX,
+0.31%
slipped 0.2% and the Nasdaq Composite
COMP,
+0.34%
shed 0.4%, according to FactSet data, at last check. The U.S. Bureau of Labor Statistics said Friday the economy added 199,000 jobs in November while the unemployment rate fell to 3.7% from 3.9%. Economists polled by the Wall Street Journal had forecast a total 190,000 were added last month. In the bond market, the yield on the 10-year Treasury note was up about six basis points at around 4.21%, according to FactSet data, at last check. 



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