© Reuters.
By Liz Moyer
Investing.com — U.S. stocks opened lower on Thursday, with tech stocks falling on a weak forecast from Microsoft.
At 9:42 AM ET, the fell 108 points or 0.3%, while the fell 0.3% and the fell 0.2%.
Shares of Microsoft Corporation (NASDAQ:) fell 3% after it cut its fourth-quarter profit and revenue forecast because of unfavorable currency movements. The soaring U.S. dollar has pressured the profits of multinational companies that convert foreign currency into dollars.
But jobs are the focus of this week, after the report on Wednesday showed 11.4 million available positions amid decade-low unemployment. On Thursday, the private payroll report showed 128,000 jobs were added last month, short of estimates for 300,000 jobs. Separately fell to 200,000 last week, below estimates for 210,000.
Shares of Chewy Inc (NYSE:) jumped 11% after the pet accessories retailer reported solid , while shares of Hewlett Packard Enterprise Co (NYSE:) fell 8% after on the top and bottom lines.
Oil was holding steady. rose 0.5%, to $115.81 a barrel, while crude rose 0.3%, to $116.69 a barrel. rose 1%, to $1,867 an ounce.
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