Wall Street opens higher after strong June payrolls report

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Reuters
Last Updated : Jul 07 2017 | 7:16 PM IST

REUTERS - U.S. stocks opened higher on Friday after job growth surged more than expected in June, underscoring labor market strength that could keep the Federal Reserve on course for a third interest rate hike this year despite benign inflation.

The Dow Jones Industrial Average rose 54.64 points, or 0.26 percent, to 21,374.68.

The S&P 500 gained 6.62 points, or 0.27 percent, to 2,416.37.

The Nasdaq Composite added 23.95 points, or 0.39 percent, to 6,113.41.

(Reporting by Tanya Agrawal; Editing by Anil D'Silva)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Jul 07 2017 | 7:04 PM IST

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