Wall Street opens higher as mega-cap stocks rise

Wall Street’s main indexes opened higher on Friday, powered by a rally in mega-cap stocks after a downbeat jobs report eased valuation concerns.

The Dow Jones Industrial Average rose 29.74 points, or 0.09%, at the open to 34,578.27. The S&P 500 opened higher by 8.72 points, or 0.21%, at 4,210.34, while the Nasdaq Composite gained 90.25 points, or 0.66%, to 13,723.09 at the opening bell.