Stocks Ended Higher amid Jobs Report

U.S. stocks closed higher on Friday after the September jobs report showed the unemployment rate fell to a fresh five-decade low, even as new job additions and wage gains missed expectations during the month. The Dow Jones Industrial Average rose 372.68 points, or 1.42%, to 26,573.72. The S&P 500 added 41.38 points, or 1.42%, to 2,952.01. The Nasdaq Composite advanced 110.21 points, or 1.40%, to 7,982.47. For the week, the Dow lost 0.92%, the S&P 500 ended 0.33% lower, but the Nasdaq managed at gain of 0.54%.

Oil futures settled higher on Friday, but still posted its biggest weekly loss since mid-July, after a run of weak economic data underlined concerns over global demand. West Texas Intermediate crude for November delivery rose 36 cents, or 0.7%, to settle at $52.81 a barrel, logging a 5.5% weekly loss. December Brent crude rose 66 cents, or 1.1%, to $58.37 a barrel—for a 4.4% weekly decline.