Wall Street Opens Muted As Job Growth Slows

Wall Street's major indexes opened to a muted performance on Friday after data indicated a slowdown in U.S. job growth, though it remains healthy. The Dow Jones Industrial Average edged up by 5.40 points, while the S&P 500 and Nasdaq Composite saw slight increases as well.


Devdiscourse News Desk | Updated: 05-07-2024 19:09 IST | Created: 05-07-2024 19:09 IST
Wall Street Opens Muted As Job Growth Slows
AI Generated Representative Image

Wall Street's main indexes showed muted movements at the open on Friday. This follows new data indicating that U.S. job growth has slowed, although it continues at a healthy pace. The Dow Jones Industrial Average saw a minimal rise of 5.40 points, or 0.01%, reaching 39,313.40 points at the opening.

The S&P 500 index also rose, albeit by a modest 0.89 points, or 0.02%, opening at 5,537.91. Meanwhile, the Nasdaq Composite showed a slightly higher increase of 12.30 points, or 0.07%, reaching 18,200.60 at the opening bell.

The economic data comes amid ongoing analysis of labor market trends, which investors meticulously monitor to gauge economic health and potential market implications.

(Disclaimer: With inputs from agencies.)

Give Feedback