Stocks opened higher Friday after a much stronger-than-expected October jobs report, with the S&P 500 notching a record high in early action.

The Dow Jones Industrial Average was up 138 points, or 0.5%, at 27,185. The S&P 500 gained 15.2 points, or 0.5%, to 3,052.75, after trading as high as 3,053.26, topping its previous intraday high of 3,050.10 set earlier this week. The Nasdaq Composite advanced around 35 points, or 0.4%, to 8,329.

The Labor Department said the U.S. economy created 128,000 jobs in October, above economist's estimates of a 75,000 gain, while the unemployment rate ticked higher to 3.6%, in line with expectations. Furthermore, the government revised up the number of jobs created in August and September by a total of 95,000.

Source : MarketWatch