Stocks Rose after Jobs Report

U.S. stocks opened higher on Friday, as employment rose more-than-expected in May. The Dow Jones Industrial Average  lately added 47.25 points, or 0.31%, to 15,087.87. The S&P 500 index gained 16.32 points, or 1.01%, to 1,638.88. The Nasdaq Composite rose 27.37 points, or 0.80%, to 3,451.42.

The United States added 175,000 jobs last month, just above the median forecast in a Reuters poll, Labor Department data showed on Friday. The unemployment rate ticked a tenth of a percentage point higher to 7.6 percent, in a relatively hopeful sign as it was driven by more workers entering the labor force.

Major tech companies said they do not provide any government agency with ‘direct access’ to their servers, contradicting a Washington Post report that they have granted such access under a classified data collection program.

Samsung Electronics Co lost $12 billion in market value on Friday, hit by brokerage downgrades that have underscored concerns about slowing sales of its flagship Galaxy S4 smartphone.