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TheStreet Open House

'Fast Money' Recap: Resilient Market

NEW YORK ( TheStreet) -- The markets eked out a gain on Friday despite a rise in the nation's jobless rate to 10.2%.

The Dow Jones Industrial Average rose 17.46, or 0.17%, to 10,023.42, while the S&P 500 added 2.67, or 0.25%, to 1,069.30. The Nasdaq rose 7.12, or 0.34%, to 2,112.44.

Karen Finerman said on CNBC's "Fast Money TV" show it was impressive for the market to come back after the release of the high unemployment number. "The bull market seems to be back," she said.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Tim Seymour said the data for the entire week was good, from the strong retail sales report to the Federal Reserve keeping rates low to the encouraging manufacturing report from the Institute for Supply Management.

Guy Adami said he was worried about the high unemployment number that seems to be trending higher. He said employers know they can increase productivity without having to hire. He also said the high jobless rate might cause people to spend less.

Pete Najarian said the high jobless number, though bad, seems to be baked into the market. He said volatility is very low. "People have zero fear. They have dropped fear off the list."

Seymour noted one disturbing report today that showed a decline in consumer credit. He said it's not good news for banks, credit card companies and retailers when $14.8 billion was pulled out of consumer credit in the past month and $140 billion in the past 14 months.

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