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Wall Street opens higher after jobs data

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Reuters NEW YORK

NEW YORK (Reuters) - U.S. stocks rose broadly at the open on Thursday following upbeat labor market data, amid a backdrop of a sanctions confrontation between Russia and the West that highlighted the relative strength of the U.S. economy.

The Dow Jones industrial average rose 49.97 points or 0.3 percent, to 16,493.31, the S&P 500 gained 7.07 points or 0.37 percent, to 1,927.31 and the Nasdaq Composite added 15.43 points or 0.35 percent, to 4,370.48.

(Reporting by Rodrigo Campos; Editing by Bernadette Baum)

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First Published: Aug 07 2014 | 7:18 PM IST

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