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Markets Right Now: Jobs report, earnings send stocks higher
NEW YORK – The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks are opening broadly higher on Wall Street as investors found plenty to like in a robust jobs report and more solid earnings from U.S. companies.
Banks and consumer-focused led the gainers in early trading Friday. JPMorgan Chase rose 1% and Hanesbrands rose 2.6%.
Amazon rose 2.2% after CNBC reported that Warren Buffett’s company was buying the company’s stock.
The government reported that U.S. employers added 263,000 jobs last month, a strong number. The unemployment rate fell to a five-decade low.
The S&P 500 index rose 16 points, or 0.6%, to 2,933.
The Dow Jones Industrial Average rose 144 points, or 0.6%, to 26,457. The Nasdaq rose 50 points, or 0.6%, to 8,086.
Bond prices rose. The yield on the 10 year Treasury fell to 2.53%.
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