Energy, Tech Climb; Dow Up 39

Investors take grim jobs report in stride

By Nick McMaster, Newser Staff

Posted Apr 3, 2009 3:09 PM CDT

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Energy, Tech Climb; Dow Up 39 — A trader takes a break outside the New York Stock Exchange in this undated file photo. (AP Photo/Jin Lee)

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%.
(Read more Dow Jones stories.)