US STOCKS SNAPSHOT-Wall Street opens a tad higher after jobs data

NEW YORK Fri Jan 4, 2013 2:36pm GMT

Quotes

   

NEW YORK Jan 4 (Reuters) - U.S. stocks opened slightly higher after a key U.S. 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 U.S. unemployment rate, it calmed fears about the possibility of the U.S. 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.

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.