Early this morning, stock futures were pointing to a negative opening. The U.S. Labor Department released strong nonfarm payroll additions of 528,000 for the month of July, which was well above the economists’ consensus of 258,000 and the revised prior-month level of 398,000. Domestic unemployment ticked down slightly to 3.5%. Labor participation declined modestly to 62.1%. Average hourly earnings expanded by a favorable 0.5%, month to month. The labor market remains healthy, with job openings substantially outnumbering people seeking work.