Stock Markets (Mar 05, 2021 09:41AM ET)
By Geoffrey Smith
Investing.com — U.S. stock markets opened strongly higher on Friday in response to a blowout employment report for February that allowed the prospect of a strong recovery to outweigh fears of higher interest rates for once this week.
Earlier, the government had said that the U.S. economy had added 379,000 jobs in February, almost double the consensus forecast for 182,000 and a dramatic acceleration from the past two months. January’s payroll growth was also revised up by over 100,000 to 166,000.Wall Street Opens as Recovery Hopes Trump Bond Fears; Dow up 220 Pts