12/7/2018, 3:30 PM (Source:
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Wall Street opens lower amid jobs report, OPEC meeting

Markets in the United States opened in the red on Friday following a weaker-than-expected jobs report from the Department of Labor that revealed the US economy added 155,000 jobs last month. Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) reached an agreement with Russia on a significant production cut at the cartel's Vienna meeting.

The Dow Jones Industrial Average lost 0.12% as UnitedHealth Group dipped over 1% as the worst performer. Meanwhile, the S&P 500 declined 0.09% as Ulta Beauty plunged over 7%. The Nasdaq 100 fell 0.47%; American Airlines sank 2.23%. The euro was up 0.05% against the dollar at 3:39 pm CET, buying 1.1389.

Breaking the News / JC