Business News - Markets up despite unemployment news

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Markets up despite unemployment news

NEW YORK (UPI) -- U.S. markets edged up Friday, despite news the unemployment rate rose to 10.2 percent.

The Labor Department said 190,000 jobs were lost in October, pushing the unemployment rate up 0.4 percentage points from the previous month's 9.8 percent.

After a 203-point gain Thursday, the Dow Jones industrial average in early afternoon trading added 9.37 points, 0.09 percent, to 10,015.33. The Standard & Poor's 500 rose 0.13 percent, 2.38 points, to 1,068.01. The Nasdaq composite index gained 0.12 percent, 2.52 points, to 2,107.84.

The benchmark 10-year U.S. Treasury lost 3/32 to yield 3.516.

The euro fell to $1.4842 from Thursday's $1.4877. Against the yen, the dollar fell to 89.80 yen from Thursday's 90.77 yen.

In Japan, the Nikkei 225 index rose 0.74 percent, 71.91, to 9,789.35.

In London, the FTSE 100 index lost 0.33 percent, 17.08, to 5,142.72.

Copyright 2009 by United Press International

This news arrived on: 11/06/2009

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