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U.S. stocks open higher after jobs report as Dow attempts to extend winning streak

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Christine Idzelis is a markets reporter at MarketWatch and is based in New York.

The U.S. stock market opened higher on Friday, with the Dow Jones Industrial Average heading for a potential fifth straight day of gains, as investors weighed a softer-than-anticipated report on jobs growth. The Dow Jones Industrial Average DJIA, +0.45% was up 0.5% soon after the opening bell, while the S&P 500 SPX, +0.65% gained 0.5% and the Nasdaq Composite COMP, +0.56% rose 0.

4%, according to FactSet data, at last check. The U.S. economy added 150,000 jobs in October while the unemployment rate edged up to 3.9% from 3.8%, according to a report Friday from the Labor Department. Economists polled by the Wall Street Journal had forecast that the U.S. added 170,000 jobs last month. Treasury yields dropped after the employment report, with the 10-year Treasury yields down 17 basis points on Friday morning at around 4.5%.

 

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