Stock Market Shrugs Off Jobs Report (BusinessWeek)
Major indexes finished higher Friday, led by industrial stocks, despite news that the U.S. jobless rate topped 10% in October, U.S. stock indexes closed higher Friday as investors snapped up industrial and other selected issues after an earlier market decline that was fueled by news the U.S. economy lost 190,000 jobs and the jobless rate hit a 26-year high of 10.2% in October. The late rally drove the Dow industrials above 10,000 for a second day.
On Friday, the 30-stock Dow Jones industrial average finished higher by 17.46 points, or 0.17%, at 10,023.42. The broad Standard & Poor’s 500-stock index was up 2.67 points, or 0.25%, at 1,069.30. The tech-heavy Nasdaq composite index gained 7.12 points, or 0.34%, to 2,112.44 [Full Story]
Popular Posts: Job market report disappoints Wall Street (CNNMoney),After jobs report Oil sinks nearly 3%,Dollar climbs after weak jobs report (CNNMoney),Treasurys pop after jobs report (CNNMoney),Jobless Rate Hits 10.2% – BusinessWeek,Unemployment hits 10.2% – CNNMoney,Gold breaks $1,100 Gold rally to continue,Popular Tags: Jobs Report, Stock Market Shrugs Off,
Nov
7
7