Stocks march higher following strong job growth
NEW YORK (AP) - Stocks are opening higher on Wall Street after the government reported a burst of hiring last month that sent the unemployment rate to a four-year low.
The Dow Jones industrial average rose 63 points to 14,393 shortly after the opening bell Friday.
The Standard & Poor's 500 index was up six points at 1,550. The index us just 14 points below the record high it reached in October 2007. The Dow blew past its own record on Tuesday. Both are headed for their sixth straight gain.
U.S. employers added 236,000 jobs last month, far exceeding economist predictions. The unemployment rate broke out of a stubborn range of 7.8 percent or above since September, falling to 7.7 percent.
Pandora media jumped 21 percent after the online radio company reported strong earnings.