Wall Street opens lower as strong jobs data fuels rate

© Reuters. A trader works on Precious Metals Traderthe trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2022. REUTERS/Andrew Kelly

(Reuters) - 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 132.92 points, or 0.41%, at the open to 32,593.90. The S&P 500 opened lower by 36.07 points, or 0.87%, at 4,115.87, while the Nasdaq Composite dropped 181.78 points, or 1.43%, to 12,538.81 at the opening bell.

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