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Wall Street opens higher after jobs data; Dow above 22,000

The Nasdaq Composite was up 12.29 points, or 0.19%, at 6,440.95


US stocks opened higher on Friday, with the Dow hitting the 22,000 mark, after data showed job growth slowed more than expected in August, which could make the central bank cautious about raising interest rates again this year. The US economy added 156,000 jobs in August, below the 180,000 expected by economists polled by Reuters. The unemployment rate edged up to 4.4 per cent from 4.3 per cent, while average hourly earnings increased 0.1 per cent after rising 0.3 per cent in July. The sluggish wage growth follows data from Thursday that showed annual inflation in July ...

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First Published: Fri, September 01 2017. 20:10 IST