U.S. stocks open higher after solid jobs report

U.S. equity markets opened higher on Friday and were headed for weekly gains, as investors welcomed a strong February jobs report. The U.S. economy added 313,000 jobs last month, while prior figures were revised higher. The details of the report showing wage growth was only moderate were perceived as good news, as it would suggest inflation will remain contained. The Dow Jones Industrial Average gained 150 points, or 0.6%, to 25,044. The S&P 500 index rose 15 points, or 0.6% to 2,754, while the Nasdaq Composite gained 52 points, or 0.7% to 7,479. Among the best performers on the S&P 500, Wynn Resorts which rallied nearly 5%.

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From:: Stock Market News

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