February 3, 2017 / 2:37 PM / in 9 months

Wall Street opens higher on strong jobs data; banks up

(Reuters) - U.S. stocks opened higher on Friday as investors cheered a much better-than-expected nonfarm payrolls report and the possibility of simpler bank regulations drove up financial stocks.

Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., January 31, 2017. REUTERS/Lucas Jackson

The Dow Jones industrial average was up 114.93 points, or 0.58 percent, at 19,999.84, the S&P 500 was up 9.88 points, or 0.433172 percent, at 2,290.73 and the Nasdaq composite was up 14.53 points, or 0.26 percent, at 5,650.73.

Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Sriraj Kalluvila

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