Business Standard

Wall Street falls at open on weak payrolls

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Reuters NEW YORK

NEW YORK (Reuters) - U.S. stocks fell more than 1 percent at the open on Friday, following a payroll report that was much weaker than expected, the latest in a series of reports to indicate that economic growth may be losing momentum.

The Dow Jones industrial average was down 164.09 points, or 1.12 percent, at 14,442.02. The Standard & Poor's 500 Index was down 20.07 points, or 1.29 percent, at 1,539.91. The Nasdaq Composite Index was down 54.48 points, or 1.69 percent, at 3,170.50.

(Reporting by Angela Moon; Editing by Bernadette Baum)

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First Published: Apr 05 2013 | 7:13 PM IST

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