Wall Street’s main indexes opened lower on Friday as solid job growth and a drop in unemployment rate last month pointed to a tight labor market, giving more room for the Federal Reserve to stick to big-sized interest-rate hikes.
The Dow Jones Industrial Average fell 241.7 points, or 0.81 percent, at the open to 29,685.27. The S&P 500 fell 37.8 points, or 1.01 percent, at the open to 3,706.74, while the Nasdaq Composite dropped 196.0 points, or 1.77 percent, to 10,877.282 at the opening bell.
