NEW YORK: The Dow and S&P 500 on Friday (Nov 7) edged to fresh records after the Labor Department reported the US economy added 214,000 jobs in October and the unemployment rate fell.
The Dow Jones
Industrial Average gained 19.46 points (0.11 per cent) at 17,573.93,
while the S&P 500 edged up 0.71 (0.03 per cent) to 2,031.92. Friday
marked the third straight record close for the two indices. The
tech-rich Nasdaq Composite Index fell 5.94 (0.13 per cent) to 4,632.53.
October jobs growth came in below the 235,000 expected by analysts. But
the Labor Department revised upward by a total of 31,000 the number of
net new jobs gained in the previous two months. The report also said the
unemployment rate fell one-tenth of a percentage point to 5.8 per cent,
its lowest level since July 2008.
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