Strong Jobs Data Lifted Stocks

U.S. stocks edged higher in the early trading on Friday on stronger-than-expected job growth in June. the Dow Jones Industrial Average lately rose 7.67 points, or 0.03%, to 24,364.41. The S&P 500 added 8.59 points, or 0.31%, to 2,745.20. The Nasdaq Composite gained 42.76 points, or 0.56%, to 7,629.19.

Crude-oil prices retreated early Friday and were on track to book a weekly loss for the first time in three weeks. August West Texas Intermediate crude fell 55 cents, or 0.8%, to $72.39 a barrel. September Brent crude shed 77 cents, or 0.8%, to $76.65 a barrel.

The U.S. economy added 213,000 jobs in June while the unemployment rate rose to 4%, according to the latest figures from the Bureau of Labor Statistics.

Wireless speaker maker Sonos Inc. filed for a U.S. initial public offering. The Santa Barbara, California-based company filed with an offering size of $100 million, a placeholder amount used to calculate fees that is likely to change.

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