Updated from 4:11 p.m. EDTStocks in New York had an erratic session Friday, but closed higher, as a late rally in the banks helped offset a jobs report that showed U.S. unemployment at the highest level in a quarter century. The Dow Jones Industrial Average climbed 39.51 points, or 0.5%, to 8017.59, its first close above 8000 since Feb. 9. The S&P 500 gained 8.12 points, or 1%, to 842.50, and the Nasdaq added 19.24 points, or 1.2%, to 1621.87. For the week, the Dow rose 3.1%, the S&P 500 added 3.3%, and the Nasdaq added tacked on 5%.
TheStreet.com Ratings, recently cited for Best Stock Selection from October 2007 through February 2009 , is an independent research provider that combines fundamental and technical analysis to offer investors tremendous value in volatile times. To see how your portfolio can use this research, click here now!