U.S. stock indexes opened higher on Friday, after four consecutive days of losses, as robust April jobs report tempered fears of an economic slowdown. The Dow Jones Industrial Average
DJIA,
+1.00%
gained 376 points, or 1.1%, to 33,504, while the S&P 500
SPX,
+1.30%
advanced 1.1% and the Nasdaq Composite
COMP,
+2.19%
rose 1%. Government data shows the U.S. created a stronger-than-expected 253,000 new jobs in April and the unemployment rate fell back to a multi-decade low, indicating the strength of the labor market despite growing economic uncertainty. Robust earnings from Apple Inc.
AAPL,
+1.41%
also buoyed the market sentiment. The world's most valuable company on Thursday revealed surprise growth in its iPhone business in the first quarter of 2023, overcoming a shortfall in Mac revenue as the company promised investors billions more in dividends and stock repurchases. Regional banks rebounded with the Invesco KBW Regional Banking ETF
KBWR,
+1.22%
jumped 4.3% Friday morning.