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May 16, 2008 3:04:18 AM CDT

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Resigned Markets End Mixed  

Posted Apr 4, 08 4:07 PM CDT in Business    Most Covered

(newser) – Stocks ended mixed today as a commodities rally contrasted with disappointing employment news, the Wall Street Journal reports—though the major indices were up for the week. The Dow fell 16.61 to close at 12,609.42, up 3.2% for the week. The Nasdaq gained 7.68 points to 2,370.98, a weekly gain of 4.9%; the S&P 500 rose 1.09 point to 1,370.40, rising 4.2% for the week.

The indices fell, rallied and fell again as oil prices surged past $106 a barrel, sending Exxon shares to a 5-week high, but the Labor Department said a US payroll decline was the worst in 5 years. That the markets didn't dive on the news led analysts to speculate that investors are resigned to recession.

Sources: Wall Street Journal, MarketWatch, Bloomberg

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Resigned Markets End Mixed
David Williams of Glenwood Securities looks at an overhead monitor from the floor of the New York Stock Exchange, Tuesday, Apr. 1, 2008.   (AP Photo/Henny Ray Abrams)
Resigned Markets End Mixed
Michael Pistillo Jr. of Lehman Brothers MarketMakers is framed by monitors on the floor of the New York Stock Exchange, Tuesday, Apr. 1, 2008.   (AP Photo/Henny Ray Abrams)
Resigned Markets End Mixed
Stocks wavered between gains and losses Friday, April 4th, 2008.   (Shutterstock)
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