Wall Street opens with gains on jobs data

Reuters
Traders work on the floor of the New York Stock Exchange at the opening bell in New York, January 2, 2014. REUTERS/Carlo Allegri

NEW YORK (Reuters) - U.S. stocks rose at the open on Thursday in the wake of upbeat labor market data and as Macy's lifted the bar further for retailers after a stellar holiday season.

The Dow Jones industrial average rose 38.85 points or 0.24 percent, to 16,501.59, the S&P 500 gained 3.47 points or 0.19 percent, to 1,840.96 and the Nasdaq Composite added 13.079 points or 0.31 percent, to 4,178.69.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)