Stocks slip after tepid July jobs report

NEW YORK (AP) — Stocks are edging lower on Wall Street after a report of tepid job growth last month.

Energy stocks fell more than the rest of the market after Chevron became the latest big energy company to report lower profits.

The Dow Jones industrial average was down 30 points, or 0.2 percent, to 15,569 in midday trading Friday.

The Standard & Poor’s 500 index fell three points, or 0.2 percent, to 1,703. The Nasdaq composite was down two points, or 0.1 percent, at 3,673.

The government reported that 162,000 jobs were created last month, fewer than economists expected and the least since March.

The yield on the 10-year Treasury note fell to 2.63 percent from 2.71 percent.

Weight Watchers plunged 19 percent to $38.24 after reporting disappointing results and replacing its CEO.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s