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FRIDAY, NOVEMBER 27, 2009
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Energy, Tech Climb; Dow Up 39

Investors take grim jobs report in stride

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(Newser) – Stocks closed with small gains after spending the day mostly in the red on the news of a 25-year high in unemployment, the Wall Street Journal reports. Anticipating governments’ stimulus plans will increase fuel demand globally, investors put their money into energy stocks. Tech also performed well after a strong earnings report from RIM. The Dow added 39.11 points to close at 8,017.59. The Nasdaq gained 19.24, settling at 1,621.87, and the S&P 500 rose 7.94, closing at 842.50.

For the week, the Dow gained 3.1%, the Nasdaq added 5%, and the S&P 500 grew 3.2%.

A trader takes a break outside the New York Stock Exchange in this undated file photo.
A trader takes a break outside the New York Stock Exchange in this undated file photo.   (AP Photo/Jin Lee)
Traders work on the floor at the New York Stock Exchange in New York in this undated file photo.
Traders work on the floor at the New York Stock Exchange in New York in this undated file photo.   (AP Photo/Seth Wenig, file)
A trader works on the floor of the New York Stock Exchange in this undated file photo.
A trader works on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Jin Lee)
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