June Jobs Report Falls Short of Expectations, U.S. Stocks Open Modestly Higher

U.S. stocks opened slightly higher on Thursday as the Labor Department said 223,000 jobs were created in the United States in June. However, wage growth was stagnant and the department revised lower April and May job growth. The unemployment rate dropped to 5.3 percent. Weekly jobless claims gained 3,000 and came in at a 5-week high. Centene (CNC) is buying Health Net (HNT) in a $6.8 billion dollar deal. The combination will create a health care company with more than 10 million members across the United States. Energizer's (ENR) board has approved a stock buyback of 7.5 million shares. Facebook (FB) will ad revenue from video advertisements. The move is aimed at attracting more premium content away from sites like Google’s YouTube. Facebook said it will offer contributors 55 percent of the revenue from ads on a video, roughly the same split offered by YouTube. TheStreet's Jane King reports from the Nasdaq Marketsite.