Non-farm payrolls climbed by a greater than expected 222,000 in June to lift the markets to a higher open with the Dow gaining 58 points to 21,378. Nasdaq climbed 39 points to 6,129.
On the upside
Bargain hunters lifted shares of Yum China Holdings (NYSE: YUMC).
Shares of Aveo Pharmaceuticals (Nasdaq: AVEO) extended its gains.
Institutional investor sentiment for Zion Oil & Gas (Nasdaq: ZN) rose in the fourth quarter of 2016.
On the downside
Concerns about a trade war with the European Union over steel sent shares of AK Steel Holding (NYSE: AKS) and U.S. Steel (NYSE: X) lower.
Retreating crude oil prices weighed down shares of California Resources (NYSE: CRC).
Wells Fargo analyst Judson Bailey downgraded Nabors Industries (NYSE: NBR) from an Outperform rating to a Market Perform rating.
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 gained 7 points to 2,417. Bitcoin plunged $88 to $2480.
