Stocks opened higher on Friday after the government's stress tests results lifted uncertainty about the health of major banks and data showed employers cut a smaller-than-expected amount of jobs in April.

* The Dow Jones industrial average <.DJI> was up 105.06 points, or 1.25 percent, at 8,514.91. The Standard & Poor's 500 Index <.SPX> was up 11.97 points, or 1.32 percent, at 919.36. The Nasdaq Composite Index <.IXIC> was up 17.58 points, or 1.02 percent, at 1,733.82.

(Reporting by Ellis Mnyandu; Editing by Padraic Cassidy)