Wall Street slips at open as monthly private payrolls disappoint

FILE PHOTO: The U.S. flag is seen on a building on Wall St. in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File Photo

(Reuters) – The S&P 500 and the Nasdaq dipped on Wednesday from record levels as data showing fewer-than-expected private job additions in November added to concerns about the near-term pressure on the economy.

The Dow Jones Industrial Average fell 128.83 points, or 0.43%, at the open to 29,695.09. The S&P 500 opened lower by 8.67 points, or 0.24%, at 3,653.78, while the Nasdaq Composite dropped 69.36 points, or 0.56%, to 12,285.75 at the opening bell.

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