U.S. Stocks Open Down as July Job Growth Comes in as Expected

U.S. stocks opened lower Friday as the Labor Department reported that there were 215,000 jobs created in July job and the unemployment rate remained unchanged at 5.3%.
Author:
Publish date:

U.S. stocks opened lower Friday as the Labor Department reported that there were 215,000 jobs created in July job and the unemployment rate remained unchanged at 5.3%. Groupon (GRPN) posted a quarterly net profit of $109 million, or $0.16 a share, versus a year ago loss of $23 million. Groupon shares have been under pressure for most of 2015, falling some 40 percent already this year and trading near the 52 week low. Hershey (HSY) results were hurt by overseas currency weakness but did beat expectations. Viacom (VIA.B) price target has been lowered by at least two brokerage firms. Gold prices edged higher but are on track to close lower for the week. The New York Times says it has reached 1 million digital subscribers.