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Markets up despite unemployment news

Nov 06, 2009 - 10:04 AM EST

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 midmorning trading added 12.02 points, 0.12 percent, to 10,017.98. The Standard & Poor's 500 rose 0.21 percent, 2.29 points, to 1,068.92. The Nasdaq composite index gained 0.23 percent, 4.78 points, to 2,110.10.

The benchmark 10-year U.S. Treasury lost 2/32 to yield 3.535.

The euro rose to $1.4885 from Thursday's $1.4877. Against the yen, the dollar fell to 89.96 yen from Thursday's 90.77 yen.

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


Source: UPI (November 6, 2009 - 10:04 AM EST)

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