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3/5, 3:31 PM (Source: TeleTrader)
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US shares open higher, Dow jumps 300 points

Major stock indexes in the United States opened higher on Friday after a report on nonfarm payrolls showed 379,000 jobs were added in February, exceeding expectations. Meanwhile, the US goods and services trade deficit was at $68.2 billion in January, up by $1.2 billion from December.

The price of oil climbed to a 23-month high after OPEC decided not to increase production.

The Dow Jones started the session jumping 0.99% or over 300 points. The gains were led by Chevron Corp., up by 2.38%. The S&P 500 was up by 1.03% at the same time, as Diamondback Energy soared 6.40%. The Nasdaq 500 gained 1.08% at 9:31 am ET, with Cisco Systems adding 3.12%.

The euro lost 0.28% compared to the dollar and sold for 1.19374 at 9:31 am ET.

Breaking the News / DJ