India, May 8 -- US stock markets opened higher on Friday as strong jobs data, easing geopolitical tensions, and a rebound in AI chip stocks boosted investor confidence despite continued uncertainty in global energy and currency markets.

US Market Snapshot

Wall Street opened higher on Friday after stronger-than-expected U.S. jobs data boosted investor confidence in the American economy. Fresh optimism over a possible easing in Middle East tensions and a rally in AI-linked chip stocks also supported market sentiment.

Dow Jones

The Dow Jones Industrial Average opened 0.45% higher, gaining more than 200 points to trade near 49,812.81. However, the index later pared some gains and was last seen up around 0.19%.

Nasdaq

The tech-heavy Nasd...