Dow Ticks Up Despite Job Woes

522K lost last month, fewer than analysts predicted
By Kevin Spak,  Newser Staff
Posted Feb 4, 2009 9:13 AM CST
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
camera-icon View 2 more images

(Newser) – Stocks were mixed at today’s open after a report estimating that 522,000 private-sector jobs were lost last month, the Wall Street Journal notes. The Dow started down but was recently up 41 points, while the S&P 500 and Nasdaq were marginally higher. Dragging on the Dow were ugly earnings reports from Walt Disney and Kraft Foods, off 6.6% and 9.1%, respectively