Wall Street Opens Higher After Jobs Data Points to Economic Strength

Wall Street Opens Higher After Jobs Data Points to Economic Strength
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on March 30, 2022. Brendan McDermid/Reuters
Reuters
Updated:

Wall Street’s main indexes opened higher on Friday, as U.S. jobs grew lesser than expected in March but unemployment rate fell to a new two-year low, underscoring solid momentum in the economy.

The Dow Jones Industrial Average rose 62.54 points, or 0.18 percent, at the open to 34,740.89. The S&P 500 opened higher by 9.91 points, or 0.22 percent, at 4,540.32, while the Nasdaq Composite gained 49.01 points, or 0.34 percent, to 14,269.53 at the opening bell.