Bank stocks rose on the prospect of higher interest rates and consumer companies rose as investors hope consumers will have more money to spend. ———9:35 a.m.Stocks are opening higher on Wall Street as investors welcome a report showing the job market was strong last month. ———12:00 p.m.U.S. stocks are jumping Friday as a strong July jobs report gave investors more confidence that the economy is still growing. The Nasdaq rose 55 points, or 1.1 percent, to 5,221. The latest on developments in global financial markets (all times local):4:10 p.m.Stocks had their best day in almost a month Friday as major indexes closed at record highs after a strong jobs report boosted investors' confidence for continued economic growth.

Source: ABC News August 05, 2016 13:52 UTC