Stocks opened higher Friday after a stronger-than-expected July jobs report. The Dow Jones Industrial Aveage DJIA, +0.50% rose 150 points, or 0.5% to 28,442, while the S&P 500 SPX, -0.16% was up around 15 points, or 0.4%, tat 3,470. The tech-heavy Nasdaq Composite COMP, -1.22% was up 50 points, or 0.5% at 11,508.
Data from the Labor Department showed that the economy regained 1.4 million jobs in August and the unemployment rate fell to 8.4% from 10.2%. Economists polled by MarketWatch had predicted an increase of 1.2 million jobs. Stocks dropped sharply Thursday, with formerly highflying tech and other momentum names plunging after a breakneck rally that had helped fuel a run to all-time highs by the Nasdaq and S&P 500.
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