Wall Street stocks rose early Friday, digesting a better than expected US jobs report as Apple shares fell on a hit due to President Donald Trump's tariffs.
The world's largest economy added 177,000 jobs last month, down slightly from the level in March but above analyst expectations.
“The key takeaway from the report is that the employment situation in April remained relatively solid in spite of the volatility associated with tariff actions,” said Briefing.com analyst Patrick O'Hare.
About 30 minutes into trading, the Dow Jones Industrial Average was up 0.8 percent at 41,081.08.
The broad-based S&P 500 also gained 0.8 percent to 5,651.31, along with the tech-rich Nasdaq Composite Index, which stood at 17,851.11.
Apple reported better than expected quarterly earnings, but shares tumbled 4.6 percent as it warned of a $900 million hit in the current quarter due to tariffs.
Amazon fell 1.1 percent as it reported a nine percent rise in first-quarter revenue but projected lower than anticipated revenues amid tariffs.
Take-Two Interactive dove 6.7 percent in opening trading Friday as the company pushed back release of Grand Theft Auto VI, the latest instalment of the popular video game series.
AFP
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