US stocks open higher on strong jobs report
NEW YORK (AP) - The stock market is up sharply after the U.S. government reported a big increase in hiring last month.
The Dow Jones industrial average rose 138 points, or 0.9 percent, to 15,959 in the first few minutes of trading Friday.
The Standard & Poor's 500 index rose 15 points, or 0.9 percent, to 1,800. The Nasdaq composite rose 28 points, or 0.7 percent, to 4,061.
It was the first increase for the market this week. The gains were extraordinarily broad; 98 percent of the stocks in the S&P 500 index rose.
Industrial stocks and others that stand to benefit the most from an economic recovery rose sharply. General Electric rose 35 cents, 1.3 percent, to $26.80.
Employers added 203,000 jobs in November, the fourth straight month of solid growth.
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