Stocks Open Lower As Strong Jobs Report Signals Fed May Sustain Rate Hikes
• US stocks opened lower on Friday following stronger-than-expected jobs data • Economy added 199,000 jobs in November; unemployment rate fell to 3.7% • Data signals Federal Reserve may keep interest rates higher for longer • Dow dropped 33 points, S&P 500 fell 0.2%, Nasdaq down 0.4% on Friday morning • Carrier Global shares up 5% on sale of unit to Honeywell; Honeywell shares down 1.4%