US: Wall St opens lower after August jobs data

US stocks rose, following their biggest gains since 2011, amid a relief rally throughout global markets and as data showed the economy grew more than previously estimated. 

PHOTO: REUTERS

SEP 4, 20159:45 PM

[NEW YORK] US stocks opened lower on Friday after the August jobs report showed moderate job growth and the lowest unemployment rate in more than seven years, increasing chances the Fed could raise interest rates sooner rather than later.

The Dow Jones industrial average fell 205.71 points, or 1.26 per cent, to 16,169.05, the S&P 500 lost 23.48 points, or 1.2 per cent, to 1,927.65 and the Nasdaq composite dropped 55.43 points, or 1.17 per cent, to 4,678.07.

REUTERS