U.S. stocks slid as Congressional gridlock on a new COVID-19 relief package and growing tension with China overshadowed better-than-expected job growth in July.

U.S. equity markets slid Friday morning as Congressional gridlock on a new COVID-19 relief package and growing tension with China overshadowed better-than-expected jobs growth. The Dow Jones Industrial Average fell 83 points, or 0.3Â percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite dropped 0.27 percent and 0.3Â percent respectively. A higher close for the S&P would extend its winning streak to six, the longest since April 2019.

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