A man walks past an electronic stock board of a securities firm in Tokyo, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Eugene Hoshiko)
The Associated Press
NEW YORK (AP) - Stocks are opening higher on Wall Street as traders were encouraged by news of strong job gains in the US last month.
The gains early Friday came a day after the market had its worst drop in three months.
Retailers and technology companies had the biggest gains. Energy stocks rose along with the price of oil.
The Dow Jones industrial average gained 82 points, or 0.5 percent, to 16,591 as of 9:35 a.m. Eastern time. The Dow lost 392 points the day before.
The Standard & Poor's 500 index rose 11 points, or 0.6 percent, to 1,953. The Nasdaq composite rose 44 points, or 1 percent, to 4,733.
China's market also rose. The benchmark index in Shanghai gained 2 percent.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.17 percent.
People walk past an electronic stock board of a securities firm in Tokyo, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Eugene Hoshiko)
The Associated Press
A Chinese investor monitors stock prices in a brokerage house in Beijing, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Mark Schiefelbein)
The Associated Press
A Chinese investor uses a computer terminal to check stock prices in a brokerage house in Beijing, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Mark Schiefelbein)
The Associated Press
A Chinese investor uses a computer terminal to check stock prices in a brokerage house in Beijing, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Mark Schiefelbein)
The Associated Press
Chinese investors monitor stock prices in a brokerage house in Beijing, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Mark Schiefelbein)
The Associated Press
A Chinese investor monitors stock prices in a brokerage house in Beijing, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Mark Schiefelbein)
The Associated Press
A Chinese investor gestures while standing in front of electronic displays showing stock prices in a brokerage house in Beijing, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Mark Schiefelbein)
The Associated Press
Chinese stock investors play cards in a brokerage house in Beijing, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Mark Schiefelbein)
The Associated Press
Chinese investors use a computer terminal to check stock prices in a brokerage house in Beijing, Friday, Jan. 8, 2016. Chinese stocks were volatile Friday and other Asian markets rebounded after a plunge in Chinese prices rattled global markets. (AP Photo/Mark Schiefelbein)
The Associated Press