Boost in Jobs Numbers Gives Stocks a Reason to Rally

Traders work on the floor of the New York Stock Exchange June 3, 2014. (CREDIT: REUTERS/BRENDAN MCDERMID)
Traders work on the floor of the New York Stock Exchange June 3, 2014. (CREDIT: REUTERS/BRENDAN MCDERMID)

U.S. stocks opened higher on Friday, with the S&P 500 and Dow industrials extending records further after the latest U.S. payrolls report provided confirmation that economic conditions were improving.

The Dow Jones industrial average .DJI rose 32.46 points, or 0.19 percent, to 16,868.57, the S&P 500 .SPX gained 3.15 points, or 0.16 percent, to 1,943.61 and the Nasdaq Composite .IXIC added 12 points, or 0.28 percent, to 4,308.22.

The S&P and Dow were poised to close their third positive week in a row while for theNasdaq it would be the fourth.

(Reporting by Rodrigo Campos; Editing by Bernadette Baum)

SOURCE: Reuters

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