May 8 (Reuters) – U.S. stocks opened higher on Friday after a stronger-than-expected employment report eased worries about a cooling labor market, while a rebound in chipmakers also bolstered investor sentiment.
At 09:30 a.m. the Dow Jones Industrial Average rose 209.88 points, or 0.42%, to 49,806.85, the S&P 500 gained 32.78 points, or 0.45%, to 7,369.89, and the Nasdaq Composite gained 146.89 points, or 0.57%, to 25,953.09.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Pooja Desai)