Wall Street opens lower on Sino-U.S. tensions, slowing jobs growth

Posted on August 7, 2020

New York Stock Exchange opens during COVID-19

FILE PHOTO: Traders walk past the New York Stock Exchange as the building opens for the first time since March while the outbreak of the coronavirus disease (COVID19) continues in the Manhattan borough of New York, U.S., May 26, 2020. (REUTERS/Lucas Jackson)

BY AMBAR WARRICK

U.S. stocks opened lower on Friday as data showed a sharp slowdown in U.S. employment growth and as President Donald Trump cranked up friction with Beijing with moves to ban WeChat and TikTok.

The Dow Jones Industrial Average <.DJI> fell 65.30 points, or 0.24%, at the open to 27,321.68.

The S&P 500 <.SPX> opened lower by 9.11 points, or 0.27%, at 3,340.05. The Nasdaq Composite <.IXIC> dropped 35.54 points, or 0.32%, to 11,072.53 at the opening bell.