SNAPSHOT S&P 500, Nasdaq open lower after robust jobs data

SNAPSHOT S&P 500, Nasdaq open lower after robust jobs data

Business

SNAPSHOT S&P 500, Nasdaq open lower after robust jobs data

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(Reuters) - The benchmark S&P 500 and the Nasdaq opened lower on Thursday after a stronger-than-expected private payrolls report indicated resilience in the labour market, tempering expectations on how early interest-rate cuts could begin.

The S&P 500 (.SPX) opened lower by 5.27 points, or 0.11%, at 4,698.72, while the Nasdaq Composite (.IXIC) dropped 47.98 points, or 0.31%, to 14,545.23 at the opening bell.

The Dow Jones Industrial Average (.DJI) rose 51.2 points, or 0.18%, at the open to 37,498.28.