U.S. stocks opened higher Friday as the jobs report showed hiring surged in April, creating 263,000, far higher than the 185,000 analysts had expected.
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The Labor Department also said unemployment dropped to 3.6 percent, beating analysts’ expectations of 3.8 percent and the lowest rate since 1969.
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Shares of Beyond Meat extended their huge surge on Thursday when, during their initial public offering, the stock soared more than 150 percent. That gave the Los Angeles-based corporation a market value well above $3.5 billion.
Berkshire Hathaway has been purchasing shares of Amazon, Warren Buffett told CNBC.
The yield on the 10-year Treasury eased fractionally to 2.53 percent.
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| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 26438.78 | +130.99 | +0.50% |
| SP500 | S&P 500 | 2931.83 | +14.31 | +0.49% |
| I:COMP | NASDAQ COMPOSITE INDEX | 8087.785133 | +51.01 | +0.63% |
Crude oil prices fell. West Texas Intermediate, the benchmark U.S. crude oil, slipped to $61.80 per barrel.
China’s Shanghai Composite closed up 0.52 percent, the Hang Seng added 0.46 percent and Japan’s Nikkei 225 slipped 0.22 percent.
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Britain’s FTSE 100 was up 0.78 percent, France’s CAC 40 added 0.29 percent and Germany’s DAX 0.46 percent.
