Stocks are closing modestly higher as investors parse the latest news on the job market and try to anticipate what's next for US interest rates. The Dow Jones industrial average rose 76 points, or 0.5%, to close at 16,330 today. The Standard & Poor's 500 index gained 10 points, or 0.5%, to 1,952. The Nasdaq composite climbed 39 points, or 0.8%, to 4,796.
Freight company Con-Way soared 34% after agreeing to be acquired by XPO Logistics. Lululemon sank 16% after the high-end apparel maker predicted profits for the current quarter that were lower than Wall Street analysts were expecting. Bond prices fell slightly. The yield on the 10-year Treasury note rose to 2.23%.