Major indexes in the US stock market opened higher on Friday as strong job additions in June signaled recovery from the pandemic.

The Dow Jones was up 48 points, or 0.1%, to 34,682 at 9.33 a.m. EDT (1333GMT).

The S&P 500 rose 13 points, or 0.2%, to 4,332, while the Nasdaq added 66 points, or 0.4% to 14,589. Both indexes reached a fresh all-time high.

Turkey’s e-commerce platform Hepsiburda became Thursday the first Turkish company listed on Nasdaq, and it was valued at $3.9 billion in the initial public offering on first day of trading.

The new record high levels came as investors’ optimism amid strong job additions last month showed some recovery in the labor market of the world’s largest economy.

The US added 850,000 jobs in June, much higher than the market estimate of 700,000, according to the Department of Labor.

The optimism led to a steep decline in the VIX volatility index. The fear index fell 5.5% to 14.62 shortly after opening bell.

While the dollar index was down 0.1% to 92.51, the yield on the 10-year US Treasury fell 1.8% to 1.452%.

Precious metals were on the rise once again with gold adding 0.5% to $1,786 per ounce, and silver rising 1.4% to $26.4 an ounce.

Copyright 2022 Anadolu Agency. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.