12/6/2023, 3:30 PM (Source: TeleTrader)
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US opens higher after private sector employment print

Stock exchanges on Wall Street opened higher on Wednesday as investors digested the latest private sector employment report in the United States which showed that the number of added jobs came short of analysts' expectations.

The cooler-than-expected figure, coupled with yesterday's reading on job openings in the country, appeared to indicate that the resilient labor market has continued to ease which could signal the end of the monetary tightening cycle by the Federal Reserve.

The Dow Jones Industrial Average rose 0.22% with Caterpillar Inc. going up by 1.51%. The Nasdaq 100 climbed 0.68% as Tesla Inc. added 2.03%. The S&P 500 added 0.47% with Campbell Soup Company jumping 4.74%.

The euro was flat against the dollar, to change hands at 1.07961 at 9:26 am ET.

Baha Breaking News (BBN) / AB