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Sept. 2, 2022, 9:32 a.m. EDT

Stocks open with solid gains as investors applaud August jobs report

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By William Watts

U.S. stocks opened higher Friday, gaining ground after an August jobs report that saw payrolls rise largely in line with expectations while the unemployment rate ticked higher --- offering a sign that employment gains are moderating and that the Federal Reserve's policy tightening may be beginning to have an effect. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.45% rose 244 points, or 0.8%, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.03% gained 0.9% and the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.52% advanced 0.8%. Major indexes remained on track, however, for weekly losses.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,347.03
+152.97 +0.45%
Volume: 0.00
Nov. 25, 2022 2:32p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,026.12
-1.14 -0.03%
Volume: 0.00
Nov. 25, 2022 2:32p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,226.36
-58.96 -0.52%
Volume: 2.23B
Nov. 25, 2022 4:30p
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