finance
U.S. Stock Indexes Open Higher After Jobs Data Release
Major U.S. equity indexes rose at the open following the release of employment figures that reduced concerns about near-term interest-rate increases. The gains came across the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite.
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U.S. equity indexes opened higher after employment data reduced concerns about near-term interest-rate increases. The S&P 500 rose 19.48 points, or 0.26 percent, to 7,502.71 shortly after the market open.
Traders cited the jobs report as the main driver behind the early buying. Lower-than-expected hiring figures eased worries that the Federal Reserve would need to maintain higher rates for longer. Volume remained moderate in the first minutes of trading as participants assessed the data.
Technology shares contributed modestly to the Nasdaq advance. Broader cyclical groups also participated in the opening gains. Market participants will watch upcoming corporate earnings and additional economic releases for further direction.
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