Investors upbeat despite jobs data

NEW YORK — Wall Street put an upbeat spin Friday on the Labor Department's report that the nation lost more than half a million jobs last month. Stocks closed sharply higher as the data raised hopes that Washington will again step in to help the economy.

The Dow Jones industrial average traded in a 568-point range as shock dissipated over the jobs report. The advance left Wall Street with moderate losses for the week. More important, investors were able to claim victory over the course of the week after having watched the market repeatedly overcome bleak economic data.

---

Notice about comments:
The Post and Courier is pleased to offer readers the ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. The Post and Courier does not edit user submitted statements and we cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not postandcourier.com. If you find a comment that is objectionable, please click "suggest removal" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our Web site.
Full terms and conditions can be read here.

---

Comments

This article has  0 comment(s)