Wall Street Opens Mostly Higher as Job Shock Banishes Tapering Fears; Dow Flat By Investing.com
By Geoffrey Smitth Investing.com -- U.S. stock markets opened mostly higher on Friday thanks to the "bad news is good news principle", as a shock shortfall in job creating reassured market participants that the Federal Reserve will not withdraw any monetary stimulus for the foreseeable future. By 9:40 AM ET (1340 GMT), the Dow Jones Industrial Average was effectively unchanged on 34,552 points, underperforming as the government's labor market report suggested that only a slow pickup in employment despite the broad reopening of the economy. The S&P 500 was up 0.4%, and the Nasdaq Composite,...
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