U.S. stocks: Wall Street opens lower as strong jobs data fuels rate hike concerns

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Wall Street’s major indexes opened lower on Friday after stronger-than-expected jobs data fueled expectations of another big rate hike by the Federal Reserve later this month.

The Dow Jones Industrial Average fell 36.12 points, or 0.12%, at the open at 31,348.43.

The S&P 500 opened down 14.36 points, or 0.37%, at 3,888.26, while the Nasdaq Composite fell 117.73 points, or 1.01%, at 11,503.61 to the opening bell.

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