Updated from 1:38 p.m. EST
U.S. stocks were staying positive Friday afternoon as traders shrugged off the worst monthly unemployment reading in more than a decade and assessed troubling earnings statements from the automotive sector.
The Dow Jones Industrial Average was up 128 points at 8824, and the S&P 500 added 12 points to 916. The Nasdaq jumped 14 points to 1622.
Economic data releases continued to point to a dismal downturn. The Bureau of Labor Statistics reported that October nonfarm payrolls declined by 240,000, worse than analysts' projections of 200,000. The September job-loss figure was revised to 284,000 from 159,000. The unemployment rate came in at 6.5%, its highest reading since 1994 and above economists' estimates of 6.3%. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.23 |
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