Wall Street Falls at Open After Jobs Data; Treasury Yields Spike

Wall Street Falls at Open After Jobs Data; Treasury Yields Spike
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Sept. 28, 2023. Brendan McDermid/Reuters
Reuters
Updated:

Wall Street’s main indexes fell at the open on Friday after a strong jobs report deepened fears that interest rates may stay elevated for an extended period.

The Dow Jones Industrial Average fell 78.87 points, or 0.24 percent, at the open to 33,040.70.

The S&P 500 opened lower by 23.40 points, or 0.55 percent, at 4,234.79, while the Nasdaq Composite dropped 92.16 points, or 0.70 percent, to 13,127.68 at the opening bell.