Dow Has Strong Day, but 4-Week Streak Is Snapped

Index gains 401 points
By Newser Editors and Wire Services
Posted Nov 4, 2022 3:22 PM CDT
Dow Has Strong Day, but 4-Week Streak Is Snapped
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Nov. 2, 2022.   (AP Photo/Seth Wenig)

Stocks closed higher Friday after an up-and-down day, though all the major indexes lost ground for the week. The Dow rose 401 points, or 1.2%, to 32,403; the S&P 500 rose 50 points, or 1.3%, to 3,770; and the Nasdaq rose 132 points, or 1.2%, to 10,475. The latest set of market swings follows a US government report showing the unemployment rate ticked higher in October, employers added fewer jobs than they had a month earlier, and gains for workers' wages slowed a touch, per the AP.

While Wall Street was chewing over the jobs report, markets around the world bounced higher amid continued speculation that China may relax its zero-COVID strategy and invigorate what's long been a major source of growth for the global economy. For the week, the Dow lost 2.5%, the S&P lost 4.5%, and the Nasdaq lost 6.1%, per CNBC. That snaps a four-week win streak for the Dow.

(More stock market stories.)

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