Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🚨 NDVA surged 43%. This AI Chipmaker Could Be Next See Analysis
U.S. stocks rise on unemployment numbers; Dow up 0.11%
Published Mar 09, 2012 04:29PM ET
The Dow Jones Industrial Average closed up 0.11% on Friday, the S&P 500 index was up 0.36% while the Nasdaq Composite index finished up 0.60%.
U.S. jobs data served as the market's chief weather vane.
Earlier on Friday, the Bureau of Labor Statistics reported the U.S. economy added a net 227,000 nonfarm payrolls in February, outpacing expectations for a gain of 215,000.
Meanwhile, the government revised January's figures upward to 284,000 from 243,000.
A firming labor market should lead to further demand for goods and services, which sent company stocks rising throughout the day.
However, news that the International Swaps and Derivatives Association officially declared Greece's restructuring a default since the country forced private creditors into the swap dampened spirits.
Fitch, meanwhile, cut Greece's rating to "restricted default" over the deal.
Leading Dow Jones Industrial Average performers included JPMorgan Chase, up 1.51%, Intel, up 0.93%, and Travelers, up 0.86%.
Leading index losers included Hewlett-Packard, down 1.87%, Boeing, down 1.15%, and Exxon Mobil, down 0.62%.
European indices were higher as well.
After the close of European trade, the EURO STOXX 50 rose 0.07%, France's CAC 40 rose 0.26%, while Germany's DAX 30 finished up 0.67%. Meanwhile, in the U.K. the FTSE 100 closed up 0.47%.
On Monday, the U.S. will release its federal budget balance.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.