Wall St opens higher as weak jobs growth eases aggressive taper bets

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FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly/File Photo

December 3, 2021

(Reuters) – Wall Street’s main indexes opened higher on Friday after weaker-than-expected growth in U.S. jobs eased some concerns about the Federal Reserve’s quicker tightening of monetary policy.

The Dow Jones Industrial Average rose 52.99 points, or 0.15%, at the open to 34,692.78. The S&P 500 opened higher by 12.39 points, or 0.27%, at 4,589.49, while the Nasdaq Composite gained 47.39 points, or 0.31%, to 15,428.71 at the opening bell.

(Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel)





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