The major stock indices on Wall Street opened higher on Friday.
The good news about nonfarm payrolls appears to be improving risk appetite.
After the opening bell, technology stocks continue to rise.
With the strong June jobs report delivering a lift to risk sentiment, major market indexes in the United States started the penultimate day of the week on a firm footing. The S&P 500 was trading at a new all-time high of 4,330, up 0.23 percent on the day, the Dow Jones Industrial Average was up 0.15 percent at 34,685, and the Nasdaq Composite was up 0.55 percent at 14,640 at the time of writing.
Nonfarm Payrolls increased by 850,00 in June, above the market consensus of 700,000 by a large margin, according to the US Bureau of Labor Statistics. The Unemployment Rate increased to 5.9%, while the Labor Force Participation Rate stayed stable at 61.6 percent, according to the publication’s findings.
After the opening bell, the risk-sensitive Technology Index is up 0.7 percent among the 11 major S&P 500 sectors. The Energy Index, on the other hand, is down 0.8 percent as investors await OPEC+’s output policy announcement./n
