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Wall Street opens lower after jobs data

The Dow Jones industrial average fell 0.18%

A Wall Street sign is pictured in the rain outside the New York Stock Exchange in New York.

Reuters

U.S. stocks opened marginally lower on Friday after better-than-expected jobs data revived the possibility of a rate hike in September.

Nonfarm payrolls increased 280,000 last month, the largest gain since December, and above the 225,000 that economists polled by Reuters had expected. Average hourly earnings grew by eight cents.

The Dow Jones industrial average fell 32.53 points, or 0.18 percent, to 17,873.05, the S&P 500 lost 4.37 points, or 0.21 percent, to 2,091.47 and the Nasdaq Composite dropped 9.97 points, or 0.2 percent, to 5,049.15.

 

 

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First Published: Jun 05 2015 | 7:06 PM IST

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