US STOCKS-Wall St falls as jobs data supports Sept rate hike

viernes 7 de agosto de 2015 10:04 GYT

* July nonfarm payrolls 215,000 vs 223,000 est

* Groupon falls after results miss expectations

* Nvidia up after revenue beats estimates

* Indexes down: Dow 0.20 pct, S&P 0.16 pct, Nasdaq 0.16 pct (Updates to open)

By Tanya Agrawal

Aug 7 (Reuters) - U.S. stocks fell in early trading on Friday, with the major indexes poised to close in the red for the week, after solid job growth in July pointed to an improving economy, opening the door wider for an interest rate hike in September.

Wall Street, however, took a dim view of the report as a rate hike will increase borrowing costs for companies. The market has touched record highs, benefiting from near-zero interest rates for the last 10 years.

Nonfarm payrolls increased 215,000 last month, fewer than the 223,000 forecast by economists, but the unemployment rate held at a seven-year low of 5.3 percent.

"It's enough to keep the Fed on track to raise raises in September, but it's not enough to end the debate," said John Briggs, head of cross asset strategy at RBS Securities in Stamford, Connecticut.   Continuación...