S&P 500 Closes Above 1,800

U.S. stocks rose on Friday, with the S&P 500 index closing above 1,800 for the first time and
posting gains for a seventh consecutive week. The Dow gained 54.78 points, or 0.34%, to end at
16,064.77, leaving it up 0.7% for the week. The S&P 500 climbed 8.91 points, or 0.50%, to close at
1,804.76, notching a gain of 0.4% for the week. The Nasdaq Composite rose 22.50 points, or 0.57%,
to 3,991.65, posting a gain of 0.1% for the week.

Unemployment rates fell in 28 states in October while non-farm payroll employment increased in 34
states, the Bureau of Labor Statistics reported Friday.

U.S. oil company Chevron said on Friday the development of its North Sea Rosebank projectwas not
currently economically attractive, raising doubts abouta resurgence of the North Sea oil industry
as fears rise overcosts.

The price of oil slipped to just under $95 Friday but still finished the week with a gain of $1 a
barrel. Benchmark U.S. crude for January delivery fell 60 cents to close at $94.84 in trading in
New York.