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Stocks Stumble Into A Weak Start; Hershey, Horizon Pharma Take Hits

Stocks slumped out of the starting gate Friday as earnings reports roiled early action and an OK July payrolls report dragged mildly on stocks.

All three major indexes were down 0.2%. Volume edged up 1% on the Nasdaq and was 17% lower on the NYSE, compared to trade at the same time Thursday.

The stock market today showed a modest negative reaction to data showing U.S. nonfarm employers added 215,000 new jobs in July, down from June's performance but slightly above expectations. The unemployment rate and labor force participation rates remained unchanged, which was generally positive. The news does...