Wall Street opens higher on tepid payroll data

U.S. stocks opened higher on Thursday after data showed smaller-than-expected growth in U.S. jobs, reducing chances of an interest rate hike in September.

The Dow Jones industrial average rose 42.35 points, or 0.24 percent, to 17,800.26, the S&P 500 <.SPX> gained 5.49 points, or 0.26 percent, to 2,082.91 and the Nasdaq Composite <.IXIC> added 12.64 points, or 0.25 percent, to 5,025.76.