US: Wall St opens lower as labour data fans rate hike fears

WALL Street’s main indexes opened lower on Thursday (Jan 5) after further evidence of a strong labour market spurred worries that the Federal Reserve could keep raising interest rates for longer than expected.

The Dow Jones Industrial Average fell 78.05 points, or 0.23 per cent, at the open to 33,191.72.

The S&P 500 opened lower by 13.23 points, or 0.34 per cent, at 3,839.74, while the Nasdaq Composite dropped 68.45 points, or 0.65 per cent, to 10,390.31 at the opening bell. REUTERS