Aug 7 (Reuters) – The S&P 500 and the Nasdaq opened higher on Friday after data showed the U.S. economy unexpectedly shed jobs last month, raising doubts about a September interest-rate hike by the Federal Reserve. The Dow Jones Industrial Average fell 35.8 points, or 0.07%, at the open to 53849.26. The S&P 500 rose […]
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S&P, Nasdaq open higher as surprise payrolls fall quells rate-hike fears
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Aug 7 (Reuters) – The S&P 500 and the Nasdaq opened higher on Friday after data showed the U.S. economy unexpectedly shed jobs last month, raising doubts about a September interest-rate hike by the Federal Reserve.
The Dow Jones Industrial Average fell 35.8 points, or 0.07%, at the open to 53849.26. The S&P 500 rose 25.2 points, or 0.33%, at the open to 7735.18, while the Nasdaq Composite rose 186.3 points, or 0.71%, to 26534.66 at the opening bell.
(Reporting by Shashwat Chauhan in Bengaluru; Editing by Pooja Desai)