US: Wall St falls at open as private payrolls beat estimates

WALL Street’s main indexes opened lower on Wednesday (Apr 3), as strong private payrolls data fanned fears of fewer-than-expected interest rate cuts by the Federal Reserve this year.

The Dow Jones Industrial Average fell 30.65 points, or 0.08 per cent, at the open to 39,139.59.

The S&P 500 opened lower by 11.44 points, or 0.22 per cent, at 5,194.37, while the Nasdaq Composite dropped 61.65 points, or 0.38 per cent, to 16,178.80 at the opening bell. REUTERS