US stocks open higher

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IOL wall street THE PHOTO HOLIC File image

New York - US stocks gained Friday in opening trade after a mixed jobs report for January showed lower-than expected job generation and revisions pushed last year's numbers sharply higher.

Five minutes into trade, the Dow Jones Industrial Average was up 69.42 points (0.50 percent) at 13,930.00.

The broad-based S&P 500 added 7.52 points (0.50 percent) at 1,505.63, while the tech-heavy Nasdaq Composite gained 18.80 (0.60

percent) at 3,160.93.

ExxonMobil shares fell 0.3 percent after it reported a six percent gain in net income for the fourth quarter but said oil and gas production had dropped five percent from a year earlier.

Chevron added 0.1 percent after it beat analysts' forecasts in its earnings. - Sapa-AFP

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