New Delhi, Aug. 7 -- US stock indices moved higher on Friday after a softer-than-expected jobs data reinforced expectations that the Federal Reserve is likely to keep interest rates unchanged at its September policy meeting.

As of 9:55 a.m. Eastern Time, the S&P 500 rose 0.4%, the Dow Jones Industrial Average rose 0.2%, and the Nasdaq Composite rose 1%.

At the open, the Dow Jones Industrial Average fell 35.8 points, or 0.07%, to 53849.26. The S&P 500 rose 25.2 points, or 0.33%, to 7735.18​, while the Nasdaq Composite rose 186.3 points, or 0.71%, to 26534.66.

Bureau of Labor Statistics data showed that non-farm payrolls fell 23,000 in July following a combined 103,000 downward revision to the May and June figures.

The latest labo...