US: Wall St opens lower as solid jobs data stokes rate hike concerns

WALL Street’s main indexes opened lower on Friday after stronger-than-expected jobs data fuelled expectations of another big rate hike by the Federal Reserve later this month.

The Dow Jones Industrial Average fell 36.12 points, or 0.12 per cent, at the open to 31,348.43. The S&P 500 opened lower by 14.36 points, or 0.37 per cent, at 3,888.26, while the Nasdaq Composite dropped 117.73 points, or 1.01 per cent, to 11,503.61 at the opening bell. REUTERS