All three of the major market averages (^DJI, ^IXIC, ^GSPC) are surging Friday morning after a cooler-than-expected jobs report for the month of April, adding 175,000 jobs in the month, below estimates of 240,000. The Nasdaq Composite shot up as high as 2% following the market open.

Morning Brief Co-Hosts Akiko Fujita and Brad Smith review the market and sector gains this morning.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.