The S&P 500 and the Nasdaq rose to record high on Friday after the latest disappointing jobs data bolstered hopes that the US Federal Reserve would resume slashing interest rates later this month.

As of 10:10 AM Eastern Time, the S&P 500 added 0.1% to its all-time high and the Nasdaq Composite was 0.4% higher.

The Dow Jones Industrial Average was down 15 points, or less than 0.1%,

At the opening bell, the Dow Jones Industrial Average rose 35.2 points, or 0.08%, to 45,656.49. The S&P 500 rose 27.0 points, or 0.42%, to 6,529.08, while the Nasdaq Composite rose 152.7 points, or 0.70%, to 21,860.441.

The Labor Department said employers across the United States hired far fewer workers in August than Wall Street expectations.

The department also said that earlier estimates for June and July were overstated by 21,000 jobs.