US markets open lower after jobs report

Friday, 07. August 2020 15:30

Equities on major stock indexes in the United States started the last trading session of the week below the flatline following the release of the Bureau of Labor Statistics' July jobs report that showed unemployment falling to 10.2%. Meanwhile, President Donald Trump signed an executive order requiring ByteDance Ltd. to divest TikTok if it wants to continue operating in the US, dealing another blow to the shaky relationship between Washington and Beijing.

The Dow Jones Industrial Average surrendered 0.24% at the opening bell, with IBM Corp. decreasing 1.88%. The Nasdaq 100 lost 0.28% at the same time, while the S&P 500 fell 0.27%. Illumina Inc. was the worst performer on both indexes, dropping 10.64%.

The euro was down 0.88% against the dollar at 9:29 am ET, selling for $1.17721.

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Breaking the News / MD