Weak Jobs Report Helps Stocks Friday

Stocks rose with banks, automakers
By Newser Editors and Wire Services
Posted Sep 1, 2017 3:31 PM CDT
Stocks Rise With Banks, Automakers
Stocks rose, Friday, Sept. 1, 2017, in spite of an August jobs report that was a bit weaker than Wall Street anticipated.   (AP Photo/Richard Drew, File)

(Newser) – US stocks finished higher for the sixth day in a row Friday as a relatively weak jobs report helped banks, car companies, retailers, and others, the AP reports. The Labor Department said employers added 156,000 jobs in August. Investors felt that will help make sure the Federal Reserve won't raise interest rates too quickly. Fiat Chrysler gained 4.8% as automakers said their sales improved in August. Banks rose with bond yields and interest rates. JPMorgan Chase rose 0.8%.

The Standard & Poor's 500 index picked up 4 points, or 0.2%, to 2,476. The Dow Jones industrial average rose 39 points, or 0.2%, to 21,988. The Nasdaq composite set another record high as it added 6 points, or 0.1%, to 6,435. (Read more stock market stories.)

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