Wall Street opens lower after strong jobs data

FAN Editor
Traders work on the floor at the NYSE in New York
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid

July 5, 2019

(Reuters) – U.S. stocks slipped at the open on Friday as a strong rebound in U.S. job growth in June dashed hopes of an aggressive interest rate cut by the Federal Reserve later this month.

The Dow Jones Industrial Average <.DJI> fell 98.25 points, or 0.36%, at the open to 26,867.75. The S&P 500 <.SPX> opened lower by 11.57 points, or 0.39%, at 2,984.25. The Nasdaq Composite <.IXIC> dropped 46.95 points, or 0.57%, to 8,123.28 at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)

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