US: Wall Street opens lower after hot payrolls data
June 7, 2024 / /
US STOCK indexes fell at the open on Friday (Jun 7), after data showed job growth accelerated far more than expected in May, leading investors to dial back expectations for a September start to rate cuts.
The Dow Jones Industrial Average fell 24.93 points, or 0.06 per cent, at the open to 38,861.24.
The S&P 500 opened lower by 9.15 points, or 0.17 per cent, at 5,343.81, while the Nasdaq Composite dropped 48.99 points, or 0.29 per cent, to 17,124.14 at the opening bell. REUTERS
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