Stocks opened lower, with the Dow looking at another triple digit loss to begin the session. In the second hour of trading the averages pared their losses and drew out the buyers, who have pushed the averages to gains of roughly 1%. The reversal came as investors considered this morning’s jobs data, which revealed fewer job additions but also a move in the unemployment rate below 4%. ECONOMIC EVENTS: In the U.S., nonfarm payrolls increased 164,000 in April, missing the consensus forecast of 193,000. The unemployment rate fell to 3.9%, hitting its lowest since December 2000. Average hourly earnings were up a modest 0.1% month-over-month and increased 2.6% year-over-year. COMPANY NEWS: Shares of Apple (AAPL) have advanced about 3.5% and hit an all-time high of $183.65 during the session after Berkshire Hathaway’s (BRK.A) Warren Buffett disclosed to CNBC’s Becky Quick that his firm bought an additional 75M shares of the iPhone maker’s stock in the first quarter. Berkshire already owned over 165M shares of Apple stock at the end of 2017… Tesla (TSLA) CEO Elon Musk unleashed a tweetstorm to discuss the company’s earnings conference call on Wednesday after the event drew the ire of analysts who had been cut off or dismissed by the mercurial executive. In his tweets, Musk said the two questioners he ignored on the Q1 call “are sell-side analysts who represent a short seller thesis, not investors.” He concluded with: “Oh and uh short burn of the century comin soon. Flamethrowers should arrive just in time”… Celgene (CELG) shares are up 2% after the drugmaker reported better than expected first quarter earnings and revenue, but cut its FY18 adjusted EPS view. Celgene also said it now sees FY18 revenue at the high end of its previous guidance… Newell Brands (NWL) rose 3% after reporting earnings and announced an agreement to sell The Waddington Group, its global consumer and commercial package manufacturing business, to Novolex Holdings for about $2.3B. MAJOR MOVERS: Among the noteworthy losers was Portola Pharmaceuticals (PTLA), which surged 22% after Andexxa was approved by the FDA. Also higher were Shake Shack (SHAK) and Pandora (P), which gained a respective 23% and 24% after reporting quarterly results. Among the notable losers was Hawaiian Holdings (HA), which dropped 5% after Buckingham downgraded the stock to Neutral from Buy, citing increased competition. Also lower were Fluor (FLR) and Web.com (WEB), which fell a respective 21% and 10% after reporting quarterly results. INDEXES: Near midday, the Dow was up 266.73, or 1.11%, to 24,196.88, the Nasdaq was up 97.77, or 1.38%, to 7,185.92, and the S&P 500 was up 26.21, or 1.00%, to 2,655.94.