Wall Street Opens Higher as Weak Jobs Data Boosts Rate-Hike Pause Bets

Wall Street Opens Higher as Weak Jobs Data Boosts Rate-Hike Pause Bets
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Oct. 26, 2023. Brendan McDermid/Reuters
Reuters
Updated:
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Wall Street’s main indexes opened higher on Friday after data pointing to slowing job growth boosted expectations that the Federal Reserve was done with its rate hikes, while Apple shares slipped on a weak holiday-quarter forecast.

The Dow Jones Industrial Average rose 149.75 points, or 0.44 percent, at the open to 33,988.83. The S&P 500 opened higher by 16.45 points, or 0.38 percent, at 4,334.23, while the Nasdaq Composite gained 68.66 points, or 0.52 percent, to 13,362.85 at the opening bell.