The benchmark S&P 500 and the tech-laden Nasdaq opened higher on Friday as investors cheered robust quarterly reports from Meta Platforms and Amazon.com, while a strong jobs report kept the upbeat sentiment in check.

The S&P 500 opened higher by 9.87 points, or 0.20%, at 4,916.06, while the Nasdaq Composite gained 41.52 points, or 0.27%, to 15,403.16 at the opening bell.

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The Dow Jones Industrial Average fell 71.74 points, or 0.19%, at the open to 38,448.10.