U.S. Stocks Open Higher After Strong July Jobs Report

By Joseph AdinolfiMarketsMarketWatch Pulse

U.S. stocks opened higher Friday, on track to erase most of their declines from earlier in the week, after a strong July jobs report painted an upbeat picture of the U.S. labor market. The S&P 500 gained 7 points, or 0.2%, to 2,168. The Dow industrials added 90 points, or 0.5%, to 18,446. The Nasdaq Composite rose 24 points, or 0.5%, to 5,190. Official data showed the U.S. economy created 255,000 nonfarm jobs last month, surpassing a consensus forecast for 185,000 from a MarketWatch survey of economists. Average hourly wages climbed 0.3% to $25.69, keeping the 12-month rate of wage gains at a postrecession high.

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