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Wall Street’s main indexes opened lower on Friday as a solid July jobs report bolstered the case for the Federal Reserve to continue on its path of aggressive interest rate hikes.
The Dow Jones Industrial Average fell 150 points or 0.41%. The S&P 500 slipped 0.96% and the Nasdaq Composite shed 1.36% after employers added 528,000 jobs last month, more than double what economists expected. Wage growth also came in stronger than anticipated.
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