Wall Street opened lower on Friday as stronger-than-expected U.S. job growth and a drop in the unemployment rate signaled resilience in the labor market, dampening hopes that the Federal Reserve would cut interest rates by early next year.
The Dow Jones Industrial Average fell 32.56 points, or 0.09%, at the open to 36,084.82.
The S&P 500 opened lower by 9.39 points, or 0.20%, at 4,576.20, while the Nasdaq Composite dropped 60.54 points, or 0.42%, to 14,279.46 at the opening bell.
More to come…
