May Starts Slowly; Dow Up 41
April employment report is next key metric for investors
By Nick McMaster,  Newser Staff
Posted May 1, 2009 3:27 PM CDT
Traders work on the floor of the New York Stock Exchange on Friday, May 1, 2009, in New York.   (AP Photo/Jin Lee)
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(Newser) – Stocks closed moderately higher today after a seesaw session with light trading volume, the Wall Street Journal reports. After a strong April, investors are trying to predict how a recovery—or the lack of one—will play out, and are anticipating ADP’s April employment report, due next week. Manufacturing activity rose in April, according to ISM, but the industry is still contracting. The Dow gained 44.29 points to close at 8,212.41. The Nasdaq added 1.90, closing at 1,719.20, and the S&P 500 rose 4.71 to 877.52.

  • For the week, Dow was up 1.7%, the Nasdaq rose 1.5%, and the S&P 500 added 1.3%.