New York---Wall Street stocks declined in opening trade Friday after a strong US jobs report raised speculation the Federal Reserve could move more quickly to raise interest rates.
Five minutes into trade, the Dow Jones Industrial Average was at 17,868.41, down 37.17 points (0.21 percent).
The broad-based S&P 500 dropped 5.24 (0.25 percent) to 2,090.60, while the tech-rich Nasdaq Composite Index lost 14.27 (0.28 percen) at 5,044.85.
The US economy pumped out 280,000 jobs in May, far more than expected in a solid sign of growth after a winter stall. The report also showed better wage growth, in a sign of tightening for the labor market.
Chris Williamson, chief economist at Markit, said the jobs report "puts a September rate hike firmly on the table" at the Fed.
AFP
