You are here

US: Wall St opens lower despite drop in unemployment

NYSEREUTERS0606.jpg

[NEW YORK] US stocks fell slightly at the open on Friday, weighed by a large decline in Disney shares, despite data showing the US unemployment rate fell to a six-year low of 5.8 per cent which underscored the economy's resilience.

The Dow Jones industrial average fell 49.58 points, or 0.28 per cent, to 17,504.89, the S&P 500 lost 3.72 points, or 0.18 per cent, to 2,027.49 and the Nasdaq Composite dropped 9.65 points, or 0.21 per cent, to 4,628.82.

REUTERS