Wall Street opens higher on robust jobs data

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Reuters
Last Updated : Jul 08 2016 | 7:23 PM IST

REUTERS - Wall Street opened higher on Friday after jobs data for June beat economists' expectations by a large margin and allayed concerns sparked by a dismal May report.

Data showed the U.S. economy added 287,000 jobs in the public and private sectors in June, compared with the 175,000 expected by economists.

The Dow Jones industrial average was up 128 points, or 0.72 percent, at 18,023.88, the S&P 500 was up 13.41 points, or 0.64 percent, at 2,111.31 and the Nasdaq composite was up 28.56 points, or 0.59 percent, at 4,905.37.

(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Saumyadeb Chakrabarty)

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First Published: Jul 08 2016 | 7:08 PM IST

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