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US stocks open slightly higher following strong jobs report; Bond prices fall

NEW YORK, N.Y. – U.S. stocks are inching higher in early trading after a stronger-than-expected January jobs report.

Bond prices fell and yields rose early Friday as investors anticipated that the burst in hiring would result in higher interest rates and stronger economic growth.

Twitter and LinkedIn both rose sharply after delivering surprisingly strong results.

The Dow Jones industrial average rose 30 points, or 0.2 per cent, to 17,911 as of 9:35 a.m. Eastern time.

The Standard & Poor’s 500 rose four points, or 0.2 per cent, to 2,066. The Nasdaq composite rose two points, or 0.1 per cent, to 4,767.

Before trading opened, the government reported that U.S. employers added 257,000 jobs last month, more than economists had expected.

The yield on the 10-year Treasury note rose to 1.89 per cent.