US: Wall St opens flat after hotter-than-expected jobs data

WALL Street’s main indexes opened flat on Friday (Jan 5) and were on course to snap a nine-week winning streak after a stronger-than-expected jobs report signalled resilience in the labour market and tempered expectations of rapid interest rate cuts this year.

The S&P 500 opened higher by 3.32 points, or 0.07 per cent, at 4,692.72, while the Nasdaq Composite opened higher by 6.84 points, or 0.05 per cent, to 14,517.23 at the opening bell.

The Dow Jones Industrial Average fell 4.92 points, or 0.01 per cent, at the open to 37,435.28. REUTERS