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May 7, 2021, 9:32 a.m. EDT

Dow opens slightly lower, Nasdaq rises after much weaker-than-expected jobs report

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By William Watts

Stocks opened mixed Friday, with the Dow Jones Industrial Average losing ground and the tech-heavy Nasdaq Composite jumping to the upside after a much-weaker-than-expected April jobs report. The Dow /zigman2/quotes/210598065/realtime DJIA -0.62% fell 72 points, or 0.2%, to 34,477, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.04% was up 1 point at 4,203. The tech-heavy Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.87% rose 65 points, or 0.5%, to 13,698. The Labor Department reported that the economy added 266,000 jobs in April, far short of the consensus forecast for a rise of 1 million. Treasury yields fell in reaction to the data, while rate-sensitive tech and growth stocks rallied, helping to lift the Nasdaq.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,823.45
-210.22 -0.62%
Volume: 355.92M
June 17, 2021 5:15p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,221.86
-1.84 -0.04%
Volume: 2.58B
June 17, 2021 5:15p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
14,161.35
+121.67 +0.87%
Volume: 4.05M
June 17, 2021 5:16p
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