Markets Right Now: Solid jobs report sends US stocks higher
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are opening higher on Wall Street, keeping the market on track for a solid weekly gain, after the government reported that hiring rebounded in March.
Technology companies and retailers posted some of the biggest gains in early trading Friday.
Nvidia, a chipmaker, rose 1.4 percent and O’Reilly Automotive climbed 1.2 percent.
Before trading opened the Labor Department reported that U.S. employers added 196,000 jobs last month, up sharply from February.
The S&P 500 index rose 7 points, or 0.2%, to 2,887. The index is up 1.8 percent for the week.
The Dow Jones Industrial Average rose 72 points, or 0.3%, to 26,450. The Nasdaq rose 23 points, or 0.3%, to 7,915.
Bond prices were little changed. The yield on the benchmark 10-year Treasury held steady at 2.51%.