US: Wall Street opens lower after weak private payrolls data, government shutdown

WALL Street’s main indexes opened lower on Wednesday (Oct 1) after much weaker-than-expected private payrolls data, while the federal government’s shutdown raised uncertainty around the central bank’s visibility into the economy.

The Dow Jones Industrial Average fell 31.1 points, or 0.07 per cent, at the open to 46,366.78. The S&P 500 fell 23.5 points, or 0.35 per cent, at the open to 6,664.92, while the Nasdaq Composite dropped 129.1 points, or 0.57 per cent, to 22,530.946.