Wall Street

Wall St opens lower as solid jobs data stokes rate hike concerns

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(Reuters) – Wall Street’s main indexes opened lower on Friday after stronger-than-expected jobs data fueled expectations of another big rate hike by the Federal Reserve later this month. The Dow Jones Industrial Average fell 36.12 points, or 0.12%, at the open to 31,348.43. The S&P 500 opened lower by 14.36 points, or 0.37%, at 3,888.26, while the Nasdaq Composite dropped 117.73 points, or 1.01%, to 11,503.61 at the opening bell. (Reporting by Amruta Khandekar in Bengaluru; Editing by Shounak Dasgupta)

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