Business Standard

Wall Street opens higher after strong jobs data

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Reuters

(Reuters) - U.S. stocks opened higher on Thursday, led by gains in technology and bank stocks after a stronger-than-expected U.S. jobs report cemented expectations of an interest rate hike this month.

The Dow Jones Industrial Average rose 126.25 points, or 0.52 percent, at the open to 24,542.09. The S&P 500 opened higher by 13.43 points, or 0.50 percent, at 2,718.70. The Nasdaq Composite gained 45.55 points, or 0.61 percent, to 7,487.66 at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jun 01 2018 | 7:04 PM IST

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