Dow opens modestly lower after July jobs report highlights challenges to U.S. recovery

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U.S. stocks fell slightly at the start of the opening bell on Friday after the July official employment report came in stronger-than-expected but underlined the long slog for the U.S. economy as it tries to reclaim all the job losses during the pandemic. The S&P 500 fell 0.3% to 3,340. The Dow Jones Industrial Average shed 111 points, or 0.4%, to 27,276. The Nasdaq Composite retreated 0.3% to 11,077. The jobs report showed that the U.S. added 1.76 million jobs in July, with the unemployment rate falling to 10.2% from 11.1% in June. Investors were still waiting for updates on negotiations for another coronavirus fiscal relief package. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.