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SNAPSHOT Wall St opens higher on China optimism, easing rate hike concerns


Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 5, 2023. REUTERS/Andrew Kelly

Wall Street’s main indexes opened higher on Monday on optimism around China reopening its borders, while signs of a cooling labor market boosted bets of a slower pace of interest rate hikes by the Federal Reserve.

The Dow Jones Industrial Average (.DJI) rose 33.78 points, or 0.10%, at the open to 33,664.39.

The S&P 500 (.SPX) opened higher by 15.74 points, or 0.40%, at 3,910.82, while the Nasdaq Composite (.IXIC) gained 92.81 points, or 0.88%, to 10,662.11 at the opening bell.