- The major Wall Street indices opened higher on Friday.
- The upbeat nonfarm payroll report appears to be boosting risk sentiment.
- Tech stocks rise after the opening bell.
The major stock indices in the US They started the last day of the week on a firm footing with the upbeat June jobs report that gave a boost to risk sentiment. At time of writing, the S&P 500 is trading at a new all-time high of 4,330, up 0.23% on the day, the Dow Jones Industrial Average was up 0.15% at 34,685 and the Nasdaq Composite was up 0.55% at 14,640.
The US Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 850.00 in June, topping the market consensus of 700,000 by a wide margin. Further details from the post showed that the unemployment rate rose to 5.9% and the labor force participation rate held steady at 61.6%.
Among the top 11 sectors in the S&P 500, the risk-sensitive tech index is up 0.7% after the opening bell. On the other hand, the Energy Index is losing 0.8% as investors expect OPEC + to announce its production strategy.
S&P 500 chart (daily)
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