Wall St opens higher as weak jobs data boosts rate-hike pause bets

4 weeks ago 21

Traders work on the floor of the NYSE in New York

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights

Nov 3 (Reuters) - Wall Street's main indexes opened higher on Friday after data pointing to slowing job growth boosted expectations that the Federal Reserve was done with its rate hikes, while Apple shares slipped on a weak holiday-quarter forecast.

The Dow Jones Industrial Average (.DJI) rose 149.75 points, or 0.44%, at the open to 33,988.83.

The S&P 500 (.SPX) opened higher by 16.45 points, or 0.38%, at 4,334.23, while the Nasdaq Composite (.IXIC) gained 68.66 points, or 0.52%, to 13,362.85 at the opening bell.

Reporting by Amruta Khandekar; Editing by Maju Samuel

Our Standards: The Thomson Reuters Trust Principles.

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