U.S. stocks opened higher on Friday after the February payroll report showed more jobs added in the month than had been expected, the latest positive read on the labor market. The Dow Jones Industrial Average rose 0.3% to 20,928. The S&P 500 advanced 0.4% to 2,374. The Nasdaq Composite Index climbed 0.5% to 5,866. The jobs number was seen as confirming the view that the Federal Reserve would raise interest rates at its upcoming meeting next week. Bank stocks were among the strongest gainers of the day on Friday; not only does the sector outperform in times of stronger economic growth, but it tends to benefit from an environment with higher interest rates. Goldman Sachs rose 0.4% while J.P. Morgan Chase & Co added 0.4%.
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