Stocks opened to the down side as a stronger jobs report has investors assuming that the Federal Reserve will raise interest rates. Nonfarm payrolls rose 215,000 in July, while private-sector payrolls jumped 210,000. Labor force participation was unchanged at 62.6 percent and average hourly earnings were up 0.2 percent. Retail employment increased, as did apparel manufacturing.

Online jeweler Blue Nile beat earnings expectations with second quarter results of $113.7 million in revenue, much better than the expected $111.3 million, according to Zacks. Blue Nile reported earnings of 20 cents a share, slightly topping the estimate of 19 cents a share. Blue Nile gave guidance for the current quarter in the range of $109 million to $112 million. The guidance for the full year is revenue between $488 million and $505 million, with full-year earnings expected to be 83 cents to 93 cents. The company said it had a good Mother’s Day and that the price of diamonds had come down. The company didn’t see a big response from Amazon’s Prime Day, saying the purchases tended to be on the low price side. The stock is trading up slightly to $30.50.

Groupon stock was tumbling after reporting that its profits were below expectations. Earnings were reported to be two cents a share for the second quarter, but analysts according to Thomson Reuters had expected 3 cents a share. Revenue was $738.4 million, also lower than the estimated $740.25 million. The guidance also disappointed, with the earnings range for the third quarter between flat to 2 cents, when consensus was for 3 cents. Active customers grew 6 percent, but those customers spent less, only $133 on average versus last year’s $136. Groupon stock fell 3.4 percent to trade near $4.52.

Asian online marketplace JD.com is up 3 percent to trade near $33.84 after its second quarter results beat the analysts’ estimates. JD reported a loss of 6 cents a share on revenues of $7.4 billion, higher than the expected loss of 13 cents a share and $7.16 billion. Still, expenses increased 57 percent due to increased traffic acquisition costs and fulfillment expenses jumped 62 percent. The company has a similar model to Amazon and has invested heavily in warehousing and delivery activities. JD.com also said it has agreed to invest $700 million in the Chinese supermarket chain Yonghui.

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