Dow Ends Week Up 47

S&P 500 down, Nasdaq up
By Newser Editors and Wire Services
Posted Nov 6, 2015 3:21 PM CST
A man looks at his mobile phone in front of an electronic stock board of a securities firm in Tokyo, Japan, Friday, Nov. 6, 2015.    (Koji Sasahara)
camera-icon View 4 more images

(Newser) – US stocks are closing mixed after a strong October jobs report prompted investors to position themselves for higher interest rates coming as early as next month. Employers added 271,000 jobs—the most in 10 months—across a range of industries. This could lead the Federal Reserve to raise interest rates in December, marking an end to nearly seven years of near-zero rates. Bank stocks rose while dividend-paying stocks like utilities sank. The Dow Jones industrial average rose 47 points, or 0.3%, to close at 17,910. The Standard & Poor's 500 index was down 1 point to 2,099. The Nasdaq composite rose 19 points, or 0.4% to 5,147. Bond prices fell. The yield on the 10-year Treasury note rose to 2.33%.

My Take on This Story
Show results without voting  |