Wall Street opens lower after weak April jobs report

Nonfarm payrolls increased by 160,000 jobs last month, far below the 202,000 economists polled by Reuters had forecast on average. The data cast doubts on whether the Federal Reserve will raise interest rates before the end of the year. The U.S. economy grew just 0.5 percent last quarter on an annualized basis and inflation has been below the Fed's 2 percent target for years.