US: Wall St opens lower after hot payrolls data stokes rate cut worries

WALL Street’s main indexes opened lower on Friday (Jan 10) after a better-than-expected jobs report fanned expectations that the Federal Reserve will take a measured approach to monetary policy easing this year.

The Dow Jones Industrial Average fell 94.9 points, or 0.22 per cent, at the open to 42540.29.

The S&P 500 fell 27.9 points, or 0.47 per cent, to 5890.35?, while the Nasdaq Composite dropped 166.6 points, or 0.86 per cent, to 19312.261. REUTERS