US stocks surge during early trade, investors cheered upbeat jobs report

Major US equity markets opened with strong gains on the last trading day of the week as investors cheered today's stellar headline NFP print.

The latest US monthly jobs report showed the economy added 313K new jobs in February and surpassed even the most optimistic estimates. Meanwhile, the wage figures appeared to be more muted than in the previous month and eased concerns of rapidly rising inflationary pressure. 

Adding to this, easing global trade-war fears and geopolitical concerns remained supportive of the early strong bullish momentum, with all the three major indices now eyeing gains in excess of 2.0% for the week. 

During the opening hour of trade, the Dow Jones Industrial Average rallied over 150-points to move back above the key 25K psychological mark and the broader S&P 500 Index gained around 16-points to 2,755. Meanwhile, tech-heavy Nasdaq Composite Index climbed nearly 50-points to 7,475.