Stock market

Wall Street Opens as Recovery Hopes Trump Bond Fears; Dow up 220 Pts

Stock Markets (Mar 05, 2021 09:41AM ET) 

Wall Street Opens as Recovery Hopes Trump Bond Fears; Dow up 220 Pts

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. 

By 9:35 AM ET (1435 GMT), the Dow Jones Industrial Average was up 224 points, or 0.7%, at 31,148, while the S&P 500 was up 0.5% and the Nasdaq Composite – again underperforming – rose 0.1%. 

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 

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