Business News - U.S. markets gains hold up Friday

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U.S. markets gains hold up Friday

NEW YORK (UPI) -- Narrow gains held up in U.S. markets 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 crossed the 10,000 point mark on 10 occasions Friday, failing to sustain a run-up or settle in negative territory.

By close, the Dow Jones industrial average was ahead by 17.46 points, 0.17 percent, to 10,023.42. The Standard & Poor's 500 added 0.25 percent, 2.67 points, to 1,069.30. The Nasdaq composite index gained 0.34 percent, 7.12 points, to 2,112.44.

On the New York Stock Exchange, 1,531 stocks advanced and 1,445 declined on a volume of 4.2 billion shares traded.

The benchmark 10-year U.S. Treasury rose 8/32 to yield 3.499.

The euro fell to $1.4845 from Thursday's $1.4877. Against the yen, the dollar fell to 89.94 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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