Stocks open lower as strong jobs report underlines Fed rate path


U.S. stocks fell at the opening bell Friday, with tech stocks leading the way lower after a stronger-than-expected May jobs report underlined expectations the Federal Reserve will continue to press ahead with aggressive rate increases as it attempt to rein in inflation. The Dow Jones Industrial Average DJIA, -0.54% dropped 205 points, or 0.6%, while the S&P 500 SPX, -1.09% was off 0.9% at 4,138 and the tech-heavy Nasdaq Composite COMP, -1.71% slumped 1.5% to 12,137.

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