Dow up 200 points after October payrolls report

U.S. stocks opened higher on Friday after a dismal October payrolls report left traders with the impression that the U.S. economy isn’t overheating, allowing the Federal Reserve to follow through with more interest-rate cuts.

The S&P 500 was up 29 points, or 0.5%, at 5,735.

The Dow was up 258 points, or 0.6%, at 42,027.

The Nasdaq Composite gained 121 points, or 0.7%, at 18,218.