Stocks Opened Higher after Strong Jobs Data

U.S. stocks opened higher on Friday, after a stronger-than-expected May jobs report. The Dow Jones Industrial Average lately rose 228.22 points, or 0.93%, to 24,644.06. The S&P 500 gained 22.45 points, or 0.83%, to 2,727.72. The Nasdaq Composite advanced 63.81 points, or 0.86%, to 7,505.93.

U.S. oil, Brent crude prices continueed to go their separate ways on Friday. July West Texas Intermediate crude fell 58 cents, or 0.8%, to $66.46 a barrel. August Brent crude rose 12 cents, or 0.2%, to $77.68 a barrel.

In May, the U.S. economy created 223,000 new jobs while the unemployment rate fell to a new post-crisis low of 3.8%, according to the latest release from the Bureau of Labor Statistics. This is the lowest unemployment rate since April 2000.

JPMorgan Chase & Co. is boosting rewards on its credit card with United Continental Holdings Inc. as the airline seeks to strengthen its loyalty program.

IPhone maker Apple has turned down an invitation to an EU lawmakers’ hearing, saying it does not want to prejudice its challenge to an EU order to pay up to 13 billion euros ($15 billion) in back taxes to Ireland.