SNAPSHOT Wall St opens higher as softer payrolls data, lower yields lift sentiment
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Wall Street indexes opened higher on Friday as a softer jobs report boosted market sentiment.
- ✓The Dow Jones Industrial Average rose 340.08 points, while the S&P 500 gained 68.27 points.
- ✓Lower Treasury yields and oil prices helped the Nasdaq Composite climb 341.47 points as investors reacted to the latest economic data.
Story at a Glance
- Category
- BUSINESS
- Reported By
- reuters.com
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Oct 2 (Reuters) - Wall Street's main indexes opened higher on Friday, as a softer-than-expected jobs report deepened prospects of an unchanged US rate this month, leading to a bigger drop in Treasury yields, while lower oil prices also boosted sentiment.
At 09:30 a.m. ET, the Dow Jones Industrial Average (.DJI), opens new tab rose 340.08 points, or 0.67%, to 51,266.64, the S&P 500 (.SPX), opens new tab gained 68.27 points, or 0.89%, to 7,734.72, while the Nasdaq Composite (.IXIC), opens new tab gained 341.47 points, or 1.27%, to 27,216.91 at the opening bell.
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Updates after jobs report
Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Shinjini Ganguli
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