Wall Street opens a tad higher

January 4 2013 at 04:51pm
By Reuters

US stocks opened slightly higher after a key US jobs report showed the pace of hiring by employers had eased sightly in December but gave signals of some momentum in the labor market's recovery since the 2007-09 recession.

Though the data showed lackluster economic growth was unable to make a dent in the still-high US unemployment rate, it calmed fears about the possibility of the US Federal Reserve ending its highly stimulative monetary policy.

The Dow Jones industrial average was up 17.12 points, or 0.13 percent, at 13,408.48. The Standard & Poor's 500 Index was up 1.49 points, or 0.10 percent, at 1,460.86. The Nasdaq Composite Index was up 0.75 points, or 0.02 percent, at 3,101.32. - Reuters

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