Stocks – Wall Street Opens Little Changed After Jobs Report

Wall Street struggled to find direction Friday. A lower-than-expected jobs report raised some concerns about the economiy, but also took the pressure off the Federal Reserve to increase rates at a higher pace in 2019.

The S&P 500 fell 4 points, or 0.16%, as of 9:30 AM ET (14:30 GMT), while the Dow decreased 59 points, or 0.24%, and the tech-heavy Nasdaq Composite lost 22 points, or 0.31%.

Nonfarm payrolls rose by 155,000 in November, which was lower than expected but still consistent with a strengthening job market. The data puts less pressure on the Fed to raise rates.

The Wall Street Journal reported on Thursday that the Fed is likely to consider a wait-and-see approach after hiking rates at its next meeting in December and does not know when its next rate hike will be. /investing,com

 

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