Major indices on Wall Street opened lower today, Friday, after data indicated the resilience of the labor market in the face of the Federal Reserve's strong monetary tightening. The data showed that job growth slowed at a faster pace than expected in June, following a significant increase the previous month, but the labor shortage persists as the unemployment rate dropped from its highest level in seven months, alongside continued relatively large wage increases. The Dow Jones Industrial Average fell 85.19 points or 0.25% to 33,837.07 points. The S&P 500 index decreased by 7.05 points or 0.16% to 4,404.54 points, while the Nasdaq Composite dropped 10.98 points or 0.08% at the open.
Wall Street Opens Lower After U.S. Jobs Report
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