News Column

Markets Mixed After Unemployment Report

Dec. 7, 2012
wall street

Wall Street stocks were mixed Friday after the Labor Department said 146,000 jobs were added and the unemployment rated dropped to 7.7 percent in November.

The jobless rate was down from 7.8 percent the previous month, but the civilian labor-force participation rate dropped just 0.2 percentage points to 63.6 percent.

In midmorning trading, the Dow Jones industrial average added 27.74 points, or 0.21 percent, to 13,101.78.

The tech-heavy Nasdaq index shed 11.20 points, or 0.37 percent, to 2,978.06. The Standard and Poor's 500 added 1.01 points, or 0.07 percent, to 1,414.95.

The 10-year treasury note was off 9/32 to yield 1.622 percent.

The euro fell to $1.2936 from Thursday's $1.2968. The dollar rose to 82.40 yen from 82.39 yen.

Japan's Nikkei 225 index lost 17.77 points, 0.19 percent, to 9,527.39.



Source: Copyright United Press International 2012


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