Economy

Stocks open higher after US reports job gains

NEW YORK (AP) — Stocks are opening higher after the government reported that U.S. employers added to their payrolls at a solid pace last month.

CarMax slumped 3 percent after the used car seller said its quarterly income fell as the effects of an accounting correction offset higher vehicle demand. The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,895 in the first few minutes of trading Friday.

The Dow Jones industrial average futures rose 48 points, or 0.3 percent, to 16,620. The Nasdaq composite rose 12 points, or 0.3 percent, to 4,249. European markets rose. Germany's DAX gained 0.6 percent.

Bond prices rose. The yield on the 10-year Treasury note dipped to 2.76 percent from 2.80 percent late Thursday.

Related Headlines

  • S&P 500 notches another record after hiring report

    Stocks closed higher for a fourth straight day on Wednesday after a report on hiring provided another encouraging sign that the economy is emerging from its winter slump. 

  • Sal Suarino, Neil Cantania

    Stocks finish lower on mixed earnings, Ukraine

    The stock market ended lower on Friday as a surprisingly strong report on job gains failed to impress investors. Stocks rose in the early going after the government reported ... 

  • Craig Spector

    US stocks, bonds fall after Fed cuts stimulus

    Stocks are closing lower after the Federal Reserve said it would cut back further on its economic stimulus. The central bank and its newly installed Chair Janet Yellen also ... 

  • Danile Trimble

    Stocks head higher for a third day

    Stocks are moving higher for a third day running, putting the Standard & Poor's 500 index back at a record high. The S&P 500 rose seven points, or 0.4 percent, to 1,879 in the ... 

Find the best rates

Find your future job here