NEW YORK (CNNMoney)
U.S. stocks opened higher after the Labor Department reported employers added 146,000 jobs in November, much better than the 77,000 jobs economists surveyed by CNNMoney had predicted.
The Dow Jones industrial average added 60 points, or 0.5%, while the S&P 500 and Nasdaq gained 0.3%.
Later Friday, investors will get a look at how consumers are spending, an important indicator of economic health since it accounts for more than two-thirds of the nation's economy, with reports out on consumer sentiment and consumer credit.
Still, worries about the fiscal cliff and ongoing back and forth wrangling in Washington will continue to keep investors on edge.
Stocks closed slightly higher Thursday, thanks to strength from the technology sector.
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On the corporate front, Netflix (NFLX) CEO Reed Hastings is under investigation by the Securities and Exchange Commission for posting information about the company on his Facebook page that he hadn't disclosed to the SEC. Shares were up almost 3% in early trading.
Shares of Smith & Wesson Holding Corp. (SWHC) rose after the gun maker reported strong quarterly earnings results and boosted its full-year outlook.
Fear & Greed Index
European markets were higher in afternoon trading, but gains were slim as Germany's Bundesbank cut its growth forecasts and warned there was a risk of Europe's biggest economy dipping into recession in early 2013.
Asian markets ended mixed. The Shanghai Composite performed best, adding 1.6%.
The dollar was firmer against the euro, the British pound and the Japanese yen.
Oil prices for January delivery rose slightly to $86.44 a barrel. Gold prices for February delivery edged up to $1,702.20.
The price on the 10-year Treasury fell, pushing the yield up to 1.63% from 1.58% late Thursday.
First Published: December 7, 2012: 9:39 AM ET
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