The U.S. stock market moved higher in morning trading Friday after the government reported a decline in the unemployment rate last month. Several companies including
KEEPING SCORE: The Dow Jones industrial average rose 52 points, or 0.3 percent, to 15,681 in the first 45 minutes of trading. The Standard & Poor's 500 index added nine points, or 0.5 percent, to 1,782. The Nasdaq composite gained 27 points, or 0.7 percent, to 4,084.
U.S. EARNINGS: Online travel service
WEAKER JOB GROWTH: The January jobs report showed that employers added 113,000 jobs, less than the average monthly gain of 194,000 in 2013. This follows December's tepid increase of just 75,000. Job gains have averaged only 154,000 the past three months, down from 201,000 in the preceding three months.
INVESTORS REACT: Hopes of a good January report had bolstered the Dow and the S&P 500 index, which each closed up 1.2 percent on Thursday, their biggest gains since
Some investors were focusing more on the drop in the jobless rate early Friday.
Tom di Galoma, head of fixed income trading at
BUYING BONDS: The yield on the 10-year Treasury note edged down to 2.68 percent from 2.70 percent as investors moved money into bonds. It slid as low as 2.63 percent shortly after the jobs report came out at
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