U.S. stocks open mixed on Friday after better-than-expected jobs report for july

(Aug 6) U.S. stocks open mixed on Friday after better-than-expected jobs report for july.

Dow gains 0.2%; S&P 500 rises 0.1%. Nasdaq Composite Index declines 0.2%.

Gold futures lose grip on $1,800, head for steepest daily drop in 7 weeks.

Tech shares declined as the jump in rates caused investors to take profits in the names and move back into stocks that could benefit more from faster economic growth. Higher rates can also expose tech stock lofty valuations.

Westport rose about 15% in morning trading. Westport Fuel Systems EPS beats by $0.15, beats on revenue.Plug Powe gained over 8% after the company reported better-than-expected Q2 sales results and raised FY21 guidance.Novavax slides over 15% after delaying FDA submission for Covid vaccine.