S&P, Nasdaq open higher as surprise payrolls fall quells rate-hike fears

The S&P 500 and the Nasdaq opened higher on Friday after data showed the US economy unexpectedly shed jobs last month, raising doubts about a September interest-rate hike by the Federal Reserve.

The Dow Jones Industrial Average fell 35.8 points, or 0.07 percent, at the open to 53849.26. The S&P 500 rose 25.2 points, or 0.33 percent, at the open to 7735.18​, while the Nasdaq Composite rose 186.3 points, or 0.71 percent, to 26534.66 at the opening bell.

Reuters

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