U.S. stocks open in the red

New York -- U.S. stocks opened down Friday despite a key government report showing solid labor market growth.

The Dow Jones industrial average was down 13.25, or 0.10 percent, at 13,552.59 in early trading. Nasdaq was down 3.50, or 0.13 percent, at 2,653.15 and the Standard & Poor's 500 slipped 2.46, or 0.16 percent, at 1,522.94.

Oil futures rose $1.05 to $72.86 a barrel, a day after government data showed an unexpectedly large increase in crude stockpiles.

Bonds fell. The 10-year note declined 9/32, or $2.8125 for every $1,000 invested, to yield 5.182 percent Friday.

The dollar was mixed. The euro was trading at $1.3603 from $1.3601 late Thursday, while the dollar was at 123.36 yen from 122.96 yen.
Meanwhile, Tokyo's Nikkei 225 Average Index closed down 0.4 percent to 18,140.94,

In economy news, the U.S. Labor Department said June non-farm payrolls increased 132,000, after swelling 190,000 in May.

Copyright 2007 by United Press International.