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Dow opens slightly lower as Wall Street weighs trade spat and better-than-expected jobs report

Mark DeCambre

U.S. stock-index benchmarks tipped lower at the open on Friday as Wall Street digested a read on the labor market for June, which came in stronger than expected, and the official imposition of tariffs between the U.S. and China, signaling dialed-up tensions over trade between the world's largest economies. The Dow Jones Industrial Average (DJIA) opened 60 points, or 0.3%, lower at 24,303, the S&P 500 index (SPX) traded virtually unchanged at 2,734, while the Nasdaq Composite Index (COMP) climbed less than 0.1% at 7,599. U.S. nonfarm payrolls data showed that 213,000 were added in June, according to the Labor Department, surpassing estimates, but the unemployment rate rose to 4% from 3.8%.