Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Dow Ends Big Week Up 13

By Harry Kimball,  Newser Staff

Posted Jun 5, 2009 3:15 PM CDT

(Newser) – 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%.

Traders work on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
Traders work on the floor at the New York Stock Exchange.
Traders work on the floor at the New York Stock Exchange.   (AP Photo)
« Prev« Prev | Next »Next » Slideshow

Intuitively, it's hard for people to wrap their brains around this idea that one number beat expectations, the other missed, and what does all that mean.
- Art Hogan, Jefferies & Co, on the mismatched employment data

« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

Nasdaq Hits 11-Year High; Dow Rises 157

Dow Surges 337, Reclaims 12K

Stocks Plunge on Super Committee Failure

Dow Soars 340, May Have Best October Ever

Dow Dives 391


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne