Stocks rose at the open after a better-than-expected U.S. jobs report assuaged fears that the economy was slowing down, lifting investor sentiment.
div > div.group > p:first-child"> The Dow Jones Industrial Average traded 69 points higher, led by Goldman Sachs and Nike. The S&P 500 climbed 0.3% as the energy and consumer discretionary sectors outperformed. The Nasdaq Composite advanced 0.3%.
Wall Street was looking forward to this report after the previous jobs data showed growth of just 20,000. That number was revised higher to 33,000 on Friday. Friday's strong jobs report comes after the release of disappointing economic data earlier in the week. Activity in the U.S. services sector fell to its lowest level since August 2017 while payrolls data released on Wednesday was also below expectations.
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