U.S. Stocks End Mixed, But Extend Weekly Win Streak
U.S. stocks ended mixed on Friday, but managed to post their longest period of weekly advances since late last year, on the heels of a stronger-than-expected October jobs report. The Dow Jones Industrial Average finished 46 points, or 0.3%, higher at 17,910, the S&P 500 index ended little changed at 2,099, falling below the 2,100 level considered psychologically important to traders. The Nasdaq Composite closed 19 points, or 0.4%, higher at 5,147. The moves for stocks came after the Labor Department said the economy added 271,000 jobs in October, the biggest gain this year, while the unemployment rate fell to 5%, and hourly wages rose at the fastest year-over-year pace since 2009.
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