Dow Up 97 on Aug. Jobs Data

Indices post declines for the week
By Nick McMaster,  Newser Staff
Posted Sep 4, 2009 3:26 PM CDT
Dow Up 97 on Aug. Jobs Data
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)

Traders focused on positive aspects of today's August unemployment report—declining job losses—rather than the upward revision in total jobless numbers, sending stocks higher, the Wall Street Journal reports. General Electric led advancing stocks on the Dow with a 3.35% gain. The Dow rose 96.66 points to close at 9,441.27. The Nasdaq added 33.38, settling at 2,018.78, and the S&P 500 gained 13.16 to settle at 1,016.40.

  • For the week overall, the day’s gains couldn’t overcome Tuesday’s losses. The Dow lost 1.1%, the Nasdaq declined by 0.5%, and the S&P 500 fell 1.2%.
(More Dow Jones stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.