New York - US stocks Tuesday opened higher despite a US labor report that showed disappointing jobs growth in September.
Five minutes into trade, the Dow Jones Industrial Average rose 44.66 (0.29 percent) to 15,436.86.
The broad-based S&P 500 added 6.14 (0.35 percent) at 1,750.80 while the tech-rich Nasdaq Composite Index increased 18.84 (0.48
percent) to 3,938.89.
The gains came even as a US Labor Department report showed the country added 148,000 jobs in September, well below the 183,000
expected by analysts.
On the positive side, the monthly report, which was delayed due to the partial government shutdown, showed the unemployment rate fell to 7.2 percent from 7.3 percent a month earlier.
A note from Charles Schwab said the jobs report suggests that the Federal Reserve is not likely to reduce its stimulus program for the economy in the near future.
Investors also scrutinised a trove of quarterly earnings reports from Dupont, Netflix and several other companies.
Briefing.com analyst Patrick O'Hare said the results were “mostly better than expected.” - Sapa-AFP