Stocks Edge Higher Despite Flat Jobs Report
(NEW YORK) — It appears investors were able to shake off a dreary monthly jobs report. On Friday, the indexes traded in a narrow range for the session and ended the week with modest gains.
The Dow added 0.1 percent and closed up 15 points at 13,306.64. The Nasdaq gained a fraction of a point to close at 3,136.42. The S&P added six points, closing at 1,437.
Unemployment fell two-tenths of a percent nationally last month to 8.1 percent, but economists aren’t cheering. They say the 96,000 jobs created fell far short of the anticipated number. They also say the drop was mainly because more out of work Americans stopped looking for new jobs.
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