New York - Wall Street shares opened higher on Friday after the much-awaited US jobs report for August came in a slight disappointment, not clearly strong enough to support a Federal Reserve rate increase.
Markets took the lower-than-expected 151 000 jobs created last month - compared to the 190 000 average of the previous three months - as not weak enough to clearly deter the Fed from hiking rates at its September 20 to September 21 meeting, but not strong enough to push it to action that soon
Ten minutes into trade, the Dow Jones Industrial Average was up 0.5% at 18 515.21.
The broad-based S&P 500 gained 0.5% to 2 181.01, while the tech-rich Nasdaq Composite added 0.4% at 5 246.52.
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