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US stock indexes slip in early trading as investors weigh job gains; Retailers lose ground

NEW YORK, N.Y. – U.S. stock market indexes slipped in early trading as traders weigh a strong U.S. jobs report.

The government reported early Friday another strong round of hiring in December, while the unemployment rate fell to a six-year low.

Retailers were mostly lower after Macy’s said it would close several stores and restructure its marketing operations. Bed Bath & Beyond slumped 5 per cent after its sales missed estimates.

The Dow Jones industrial average fell 47 points, or 0.3 per cent, to 17,859 as of 9:35 a.m. Eastern time.

The Standard & Poor’s 500 index fell four points, or 0.2 per cent, to 2,057. The Nasdaq composite lost four points, or 0.1 per cent, to 4,731.

Bond prices held steady. The yield on the 10-year Treasury note was flat at 2.01 per cent.