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Wall Street stocks rise as US adds 223,000 jobs

AFP

Wall Street stocks rose moderately in opening trade Thursday after the Labor Department reported the US economy added 223,000 jobs in June.

Five minutes into trade, the Dow Jones Industrial Average was at 17,792.75, up 34.84 points (0.20 percent).

The broad-based S&P 500 rose 5.36 (0.26 percent) to 2,082.78, while the tech-rich Nasdaq Composite Index advanced 7.56 (0.15 percent) to 5,020.69

While the headline US jobs number came in above the key 200,000 benchmark, the overall report was mixed. Average hourly earnings were flat compared with May and the Labor Department cut its estimates for job growth in April and May.

Analysts said the report kept the US Federal Reserve on track to raise interest rates later this year.