NEW YORK (CNN/Money) - U.S. stocks fell early Friday, after a weaker-than-expected June non-farm payrolls report fanned concerns that the economic recovery is slowing.

After 10 minutes of trading, the Dow Jones industrial average (down 62.39 to 10,271.77, Charts), the Standard & Poor's 500 (down 5.50 to 1,123.44, Charts) index and the Nasdaq composite (down 15.65 to 1,999.90, Charts) all traded lower.

The June employment report showed that employers added 112,000 jobs to their payrolls last month, less than half the 250,000 jobs that economists surveyed by Briefing.com were expecting. In addition, May's tally was revised down to 235,000 from initial reports of 248,000. The unemployment rate held steady at 5.6 percent, as expected.

The report was the third key market-moving event this week, following Monday's transfer of power in Iraq and Wednesday's decision by the Federal Reserve to boost the fed funds rate by a quarter-percentage point.

Those two events took place mostly in line with expectations -- although the transfer of power occurred two days before its scheduled date.

Investors have been particularly attuned to the hints about interest rates in the economic data. The weaker than expected payrolls report follows several other recent data that suggest a slowdown in the economic growth, leaving investors to speculate that maybe the Federal Reserve won't need to boost rates at its August meeting, or won't need to boost rates as aggressively as some might have thought before.

Among early stock movers, shares of Apple Computer (AAPL: down $2.11 to $30.19, Research, Estimates) declined after the company said the release of its next iMac computer would be delayed.

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In commodities trading, Brent crude oil futures were unchanged at $36.04 a barrel in London trade. COMEX gold rose $3 to $393 an ounce.

Treasury prices zoomed after the jobs report. The 10-year note rose 1-2/32 points in price, pushing its yield down to 4.43 percent from 4.56 percent late Thursday. The dollar tumbled versus the yen and euro.

In global trade, Asian markets fell Friday, and European markets tumbled at midday there.