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March 5, 2021, 9:31 a.m. EST

Stocks open higher after sell-off as jobs data surprises to the upside

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By Andrea Riquier

U.S. stocks opened higher on Friday after several days of intense selling prompted by concerns that stronger economic growth would cause the Federal Reserve to start normalizing monetary policy sooner than expected. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.94% gained 278 points, 0.9%, to open near 31,203 while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.92% traded 38 points, 1%, higher, near 3,806. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.94% jumped 1.1% or 137 points to trade near 12,860. Employers added more jobs than analysts had expected in February, the Labor Department said Friday before the opening bell. Stock futures initially weakened, but then rallied. Shares of Big Lots Inc. /zigman2/quotes/202923245/composite BIG +0.28% jumped in early trade Friday, after the discount retailer reported a fiscal fourth-quarter profit that beat expectations and offered a rosy first-quarter outlook.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,815.90
-321.41 -0.94%
Volume: 346.58M
April 22, 2021 5:32p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,134.98
-38.44 -0.92%
Volume: 2.39B
April 22, 2021 5:32p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,818.41
-131.81 -0.94%
Volume: 3.96M
April 22, 2021 5:16p
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/zigman2/quotes/202923245/composite
US : U.S.: NYSE
$ 65.55
+0.18 +0.28%
Volume: 525,402
April 22, 2021 4:00p
P/E Ratio
4.12
Dividend Yield
1.83%
Market Cap
$2.29 billion
Rev. per Employee
$167,546
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