U.S. stocks open narrowly mixed on jobs report

U.S. stocks opened mixed on Tuesday as investors were still digesting Friday' s strong jobs data.

Jobs report increased expectations that the Federal Reserve could raise interest rates as soon as September.

Investors will also keep an eye on job openings and labor turnover data for April in the later morning session on Tuesday.

The U.S. job market continued its steady growth momentum in May, further heating market debate over the timing for the central bank' s first interest rate hike in almost nine years.

U.S. total nonfarm payroll employment added 280,000 in May, well above market consensus, and the unemployment rate was essentially unchanged at 5.5 percent, the U.S. Labor Department said Friday.

Concerns about Greece continued to weigh on equity market. Greece and its international creditors were discussing an extension of the cash-strapped country's bailout program through to March 2016, according to the Wall Street Journal.

In corporate news, HSBC will cut costs by as much as 5 billion U.S. dollars within two years, selling its units in Brazil and Turkey and laying off as many as 50,000 staff, the bank told investors in an anticipated update.

Shortly after the opening bell, the Dow Jones Industrial Average increased 30.93 points, or 0.17 percent, to 17,797.48. The S&P 500 was up 2.71 points, or 0.13 percent, to 2,081.99. The Nasdaq Composite Index ticked down 3.87 points, or 0.08 percent, to 5,017.76.

U.S. stocks declined for the third straight session on Monday, as Friday' s strong jobs report triggered market concerns about the Federal Reserve' s possible interest rate increase this year. Endite