The markets stalled today even as the Dow flirted with its peak for the year, the Wall Street Journal reports. An early rally on better-than-expected job loss data lost steam on news that the unemployment rate itself grew to its highest since 1983. And insiders aren’t sure that oil and construction gains have legs. “It’s kind of a relief rally,” a CIO said. The Dow was up 12.89 to 8,763.13. The S&P shed 2.37 to 940.09. And the Nasdaq dipped 0.60 to end at 1,849.42.
- For the week, the Dow was up 3.09%, the S&P gained 2.28%, and the Nasdaq tacked on 4.23%.