Stocks rise on hiring gains, Greek debt progress

Stocks are opening higher after the February jobs report bolstered hopes that the economic recovery is on track.

The government said early Friday that employers added 227,000 jobs last month, finishing three of the best months for hiring since the recession began. The unemployment rate was unchanged at 8.3 percent as workers streamed into the labor force.

Greece said most of its private creditors had agreed to swap their bonds for new ones worth far less. The deal clears the way for a fresh bailout from Greece’s neighbors. Fears of a Greek default have weighed on the market for two years.

The Dow is up 20 points at 12,927 shortly after the opening bell. The S&P 500 is up 2 at 1,368. The Nasdaq is up 5 at 2,975.