Stocks opened higher after the jobs report beat expectations.
Near 10:59 a.m. ET, stocks were rising, with the Dow up 41 points, the S&P 500 up 4 points, and the Nasdaq up 6 points. The Dow was near 17,000 as the S&P 500 approached 2,000.
In February the US economy added 242,000 jobs, more than expected, while wage gains disappointed.
Over the prior month wages fell 0.1% and over last year wages ticked up 2.2%, less than the 0.2% and 2.5% gains that were expected for each reading.
Gold entered a bull market Thursday and continued to rally this morning, with futures rising about 1% or $18 an ounce to as high as $1,277.10.
Other commodities were rallying, including silver, which was up about 4%, or $0.6 an ounce, to $15.725.
Crude oil was doing nothing, as WTI futures were virtually flat and near $34.58 per barrel. Around 1 p.m. ET, Baker Hughes will release its weekly report on US oil and gas rigs. The combined count is about a dozen rigs away from dropping to the lowest levels in several decades.
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Stocks open higher after the jobs report beats expectations (SPY, SPX, DJI, IXIC, IWIM, USO, WTI, OIL, VDE)
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