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Wall Street opens higher on tepid payroll data

The Dow Jones industrial average rose 42.35 points, or 0.24%

A Wall Street sign is pictured in the rain outside the New York Stock Exchange in New York.

Last Updated : Jul 02 2015 | 8:01 PM IST

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.