Wall Street Opens Higher; Tech Selling Reverses After Payrolls Data By Investing.com

U.S. stocks higher at close of trade; Dow Jones Industrial

© Reuters.

By Geoffrey Smith 

Investing.com — U.S. stock markets opened higher on Friday, as the selling of overextended tech stocks came to at least a temporary halt in the wake of a reasonably reassuring monthly jobs report.

By 9:40 AM ET (1340 GMT), the , which bore the brunt of losses on Thursday, was up 53 points or 0.5%. However, the shift out of tech and into other, cheaper, cyclical stocks was still continuing: the rose 214 points, or 0.8%, to 28,507 points, while the S&P 500 was up 0.7%.

Tesla (NASDAQ:) stock was up 2.7% while Apple (NASDAQ:) stock was up 1.5%, snapping a three-day losing streak.

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