Wall Street opens flat as labor market recovery slows

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In this news, we discuss the Wall Street opens flat as labor market recovery slows.

(Reuters) – Major Wall Street indices were muffled to open on Wednesday as a surprise rise in weekly jobless claims added to signs that the labor market recovery was stalling amid a surge in infections to COVID-19.

The Dow Jones Industrial Average was up just 12.63 points, or 0.04%, at the opening at 30,058.87.

The S&P 500 opened at 3,635.50, while the Nasdaq Composite gained 17.11 points, or 0.14%, to 12,053.89 to open.

Report by Shriya Ramakrishnan in Bengaluru; Edited by Arun Koyyur

Original © Thomson Reuters

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