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Wall St opens lower as labor data fans rate hike fears

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2023-01-05T14:35:52Z

A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. REUTERS/Andrew Kelly

Wall Street’s main indexes opened lower on Thursday after further evidence of a strong labor market spurred worries that the Federal Reserve could keep raising interest rates for longer than expected.

The Dow Jones Industrial Average (.DJI) fell 78.05 points, or 0.23%, at the open to 33,191.72.

The S&P 500 (.SPX) opened lower by 13.23 points, or 0.34%, at 3,839.74, while the Nasdaq Composite (.IXIC) dropped 68.45 points, or 0.65%, to 10,390.31 at the opening bell.

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