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US stocks dip ahead of jobs report

New York - Wall Street stocks dipped in opening trade on Thursday as the market looked ahead to the April US jobs report.

Five minutes into trade, the Dow Jones Industrial Average was at 17 806.75, down 35.23 points at 17 806.75.

The broad-based S&P 500 lost 0.16% at 2 076.84, while the tech-rich Nasdaq Composite Index shed 0.05% at 4 917.04.

Investors are looking ahead to Friday's jobs report. Analysts expect the US economy added 218 000 jobs in April, rebounding from a lackluster 126 000 in March.

Briefing.com analyst Patrick O'Hare said the market will look especially closely for signs of stronger wage growth, which could bolster the chances the US Federal Reserve will raise benchmark interest rates more quickly.

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