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


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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