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Wall Street Opens Higher as December Jobs Report Eases Rate Worries


Wall Street’s main indexes opened sharply higher on Friday, as cooling wages and a moderation in U.S. jobs growth in December calmed worries over the Federal Reserve’s rate-hike trajectory.

The Dow Jones Industrial Average rose 125.22 points, or 0.38 percent, at the open to 33,055.30. The S&P 500 opened higher by 15.27 points, or 0.40 percent, at 3,823.37, while the Nasdaq Composite gained 58.72 points, or 0.57 percent, to 10,363.96 at the opening bell.

Reuters



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