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Wall Street drops at open after payrolls


    NEW YORK (Reuters) - U.S. stocks dropped at the open on Monday in the wake of Friday's much weaker-than-expected report on March U.S. job creation.

    The Dow Jones industrial average dropped 143.42 points, or 1.10 percent, to 12,916.72. The Standard & Poor's 500 Index dropped 17.03 points, or 1.22 percent, to 1,381.05. The Nasdaq Composite Index dropped 42.13 points, or 1.37 percent, to 3,038.37.

    (Reporting By Chuck Mikolajczak; Editing by Chizu Nomiyama)