off-the-wire

US STOCKS SNAPSHOT-Wall St tumbles at open as jobs data fans higher rate worries

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 3 (Reuters) -


Wall Street's main indexes opened lower on Friday after data showed the economy added jobs at a rapid pace last month, feeding into fears that the Federal Reserve could keep interest rates higher for longer in its fight against inflation.


The Dow Jones Industrial Average fell 127.64 points, or 0.37%, at the open to 33,926.30. The S&P 500 opened lower by 43.07 points, or 1.03%, at 4,136.69, while the Nasdaq Composite dropped 253.96 points, or 2.08%, to 11,946.86 at the opening bell. (Reporting by Johann M Cherian in Bengaluru; Editing by Maju Samuel)

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