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SNAPSHOT Wall St opens lower as weak private payrolls data deepens recession worries

2023-04-05T13:36:02Z

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 31, 2023. REUTERS/Andrew Kelly

Wall Street’s main indexes opened lower on Wednesday after weaker-than-expected private payrolls data for March deepened worries that the rapid interest rate hikes by the Federal Reserve may tip the U.S. economy into a recession.

The Dow Jones Industrial Average (.DJI) fell 7.78 points, or 0.02%, at the open to 33,394.60. The S&P 500 (.SPX) opened lower by 6.10 points, or 0.15%, at 4,094.50, while the Nasdaq Composite (.IXIC) dropped 44.56 points, or 0.37%, to 12,081.76 at the opening bell.

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