US: Wall St opens lower after August jobs data
[NEW YORK] US stocks opened lower on Friday after the August jobs report showed moderate job growth and the lowest unemployment rate in more than seven years, increasing chances the Fed could raise interest rates sooner rather than later.
The Dow Jones industrial average fell 205.71 points, or 1.26 per cent, to 16,169.05, the S&P 500 lost 23.48 points, or 1.2 per cent, to 1,927.65 and the Nasdaq composite dropped 55.43 points, or 1.17 per cent, to 4,678.07.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard