Wall Street Opens Higher Ahead of Payrolls Data

Wall Street Opens Higher Ahead of Payrolls Data
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on March 2, 2023. Brendan McDermid/Reuters
Reuters
Updated:

Wall Street’s main indexes opened higher on Thursday as a greater-than-expected rise in weekly jobless claims eased some rate-hike jitters ahead of a key payrolls report that could determine the Fed’s monetary policy path.

The Dow Jones Industrial Average rose 78.43 points, or 0.24 percent, at the open to 32,876.83. The S&P 500 opened higher by 6.65 points, or 0.17 percent, at 3,998.66, while the Nasdaq Composite gained 2.30 points, or 0.02 percent, to 11,578.31 at the opening bell.