Stocks declined after the open on Friday after the June's payrolls report fell far short of expectations and dashed hopes the economic recovery had regained speed.

The Dow Jones industrial average <.DJI> was down 94.87 points, or 0.75 percent, at 12,624.62. The Standard & Poor's 500 Index <.SPX> was down 12.08 points, or 0.89 percent, at 1,341.14. The Nasdaq Composite Index <.IXIC> was down 24.35 points, or 0.85 percent, at 2,848.31.

(Reporting by Angela Moon, Editing by Kenneth Barry)