US stocks open higher as jobs report gives traders the nudge

The major US stock indices are trading higher after the nudge from the softer-than-expected US jobs report.

The Snapshot of the market 11 minutes into the open is showing:

• Dow Industrial Average average up 512.51 points or 1.34% at 38738.18
• S&P index up 59.64 points or 1.18% at 5.23.83
• NASDAQ index up 293.64 points or 1.85% at 16134.60

The small-cap Russell 2000 is trading at 32.28 or 1.60% at 2048.39

The gains are helped by lower yields:

• 2-year yield 4.780%, -9.6 basis points
• 5-year yield 4.464%, -10.3 basis points
• 10 year yield 4.493%, -7.6 basis points
• 30-year yield 4.64%, -5.3 basis points.

In other markets.

• Crude oil is trading down $0.10 at $78.85
• Gold is trading down $17.96 or -0.78% at $2284.75
• Bitcoin is trading sharply higher at $61,463

This article was written by Greg Michalowski at www.forexlive.com.