Stock market today: Hotter-than-expected jobs report sends US stocks lower

News Snapshot:

NEW YORK (AP) — Stocks are opening slightly lower and Treasury yields are rising sharply after the government released a surprisingly hot jobs report, suggesting that markets may have to wait even longer for interest rate cuts from the Federal Reserve. The S&P 500 fell 0.3% early Friday. The Dow Jones Industrial Average slipped 84 points, and the Nasdaq composite fell 0.4%. The yield on the 10-year Treasury jumped to 4.41%. GameStop, the troubled video game retailer at the center of the meme stock craze, dropped 9% after reporting a quarterly loss and saying it planned to sell up to...