March 27, 2023
Wall St opens lower on fears of rate hikes by labor data supporters

January 5 (Reuters) – Wall Road’s foremost indexes opened decrease on Thursday after new proof of a powerful labor market raised considerations that the Federal Reserve may proceed to lift rates of interest longer than anticipated.

Dow Jones Industrial Common (.DJI) It fell 78.05 factors, or 0.23%, to 33,191.72 on the opening.

S&P 500 (.SPX) The Nasdaq Composite opened at 3,839.74, down 13.23 factors, or 0.34%. (.IXIC) It fell 68.45 factors, or 0.65%, to 10,390.31 on the opening bell.

As reported by Amruta Khandekar; Modifying: Shounak Dasgupta

Our requirements: Thomson Reuters Trust Principles.

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