Dow surges over 480 points at open on soft jobs data

The S&P 500 rose 58.6 points, or 1.16%, at the open to 5,122.78, while the Nasdaq Composite rose 306.5 points, or 1.94%, to 16,147.482 .

Wall Street's main indexes opened higher on Friday after a softer-than-expected jobs report revived hopes of the Federal Reserve cutting interest rates this year, while gains in Apple and Amgen on upbeat corporate updates added support.

The Industrial Average rose 483.7 points, or 1.27%, at the open to 38,709.36. The S&P 500 rose 58.6 points, or 1.16%, at the open to 5,122.78, while the Composite rose 306.5 points, or 1.94%, to 16,147.482 at the opening bell.

Source: Stocks-Markets-Economic Times