Stock market opens higher, Nasdaq hits a fresh all-time peak, as Wall Street focuses on upbeat jobs report
U.S. stock-market indexes on Monday traded higher, with the Nasdaq Composite climbing deeper into record territory, as investors viewed last week's jobs report as impetus to dive back in to assets perceived as risky, following a bout of trepidation over rising prices and inflation last month. However the February labor-market report on Friday showed a gain of 313,000 jobs during the month but only a muted sign of wage growth. The Dow Jones Industrial Average rose 55 points, or 0.2%, at 25,396, the S&P 500 index advanced 0.1% at 2,790. Meanwhile, the Nasdaq Composite Index, opened at an intraday all-time high at 7,582.40, and was most recently up 0.3% at 7,581. In corporate news, Dow Chemicals leader Andrew Liver plans to step down at the end of the month, with co-lead director Jeff Fettig set to assume that role at the company, now known as DowDuPont Inc. . Meanwhile, Goldman Sachs Group Inc. co-president and COO Harvey Schwartz is set to retire, according to Goldman in a news release early Monday.