S& P 500 Open Higher as Unemployment Fell More Than Expected

The S&P 500 Index rose shortly after the open, following sharp sales in the last session as data showed that the unemployment rate in the United States fell more-than-expected in August.

The S&P 500 Index opened down 1.46 points, or 0.04%, to 3,453.60 points, while the Dow Jones Industrial Average rose 48.32 points, or 0.17%, to 28,341.05 points.

The Nasdaq Composite Index retreated 61.86 points, or 0.54%, to 11,396.24 points.