Dow, S&P 500 End Higher for Fifth Week

U.S. stocks rose on Friday, after a brighter-than-expected report on the labor market had
investors considering whether the economy is strong enough to handle reduced monetary stimulus.
The Dow Jones Industrial Average climbed 167.80 points, or 1.08%, to end at 15761.78. The S&P 500
rose 23.46 points, or 1.34%, to close at 1,770.61.The Nasdaq Composite gained 61.90 points, or
1.60%, to close at 3,919.23. For the week, the Dow rose 0.9 percent and the S&P 500 index rose 0.5
percent. The Nasdaq fell 0.1 percent for the week.

American employers added more workers to payrolls in October than economists projected as the
world’s largest economy powered through the federal government shutdown.

It will be a continuing challenge for federal regulators to make financial crises “far less
likely” and “far less costly” if they happen, said Federal Reserve Chairman Ben Bernanke on

A robust jobs report caught the Treasury market by surprise on Friday, sending benchmark yields on
their biggest one-day climb since July as investors began to price in nearer-term expectations for
when the Federal Reserve could start scaling back its bond-buying stimulus. The 10-year note
yield, which moves inversely to price, rose 14.5 basis points on the day to trade at 2.750%,

About the Author

has written 15958 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

You must be logged in to post a comment.

Copyright © 2012 Nine Stocks