Wall Street Opens Higher as December Jobs Report Eases Rate Worries

Wall Street Opens Higher as December Jobs Report Eases Rate Worries
Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City on Jan. 5, 2023. Andrew Kelly/Reuters
Reuters
Updated:

Wall Street’s main indexes opened sharply higher on Friday, as cooling wages and a moderation in U.S. jobs growth in December calmed worries over the Federal Reserve’s rate-hike trajectory.

The Dow Jones Industrial Average rose 125.22 points, or 0.38 percent, at the open to 33,055.30. The S&P 500 opened higher by 15.27 points, or 0.40 percent, at 3,823.37, while the Nasdaq Composite gained 58.72 points, or 0.57 percent, to 10,363.96 at the opening bell.