US: Wall St opens higher as December jobs report eases rate worries

WALL Street’s main indexes opened sharply higher on Friday (Jan 6), as cooling wages and a moderation in US jobs growth in December calmed worries over the Federal Reserve’s rate-hike trajectory.

The Dow Jones Industrial Average rose 125.22 points, or 0.38 per cent, at the open to 33,055.30. The S&P 500 opened higher by 15.27 points, or 0.40 per cent, at 3,823.37, while the Nasdaq Composite gained 58.72 points, or 0.57 per cent, to 10,363.96 at the opening bell. REUTERS