Wall Street opens higher after bets on an interest rate hike recede following a slowdown in hiring.
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July 2 (Reuters) - Wall Street's main indexes opened higher on Thursday after bets on a U.S. interest rate hike eased following a weaker-than-expected June jobs report.
The Labor Department’s Bureau of Labor Statistics reported that U.S. job growth slowed more than expected in June, and the previous month’s data was revised downward, but a drop in the unemployment rate to 4.2 percent indicated that the labor market remained stable.
The Dow Jones Industrial Average rose 90.0 points, or 0.17 percent, to 52,395.22. The S&P 500 gained 11.9 points, or 0.16 percent, to 7,495.14, and the Nasdaq Composite climbed 7.4 points, or 0.03 percent, to 26,047.382.
