A disappointing jobs report couldn’t stop the stock market from having a strong start to the new year. Stocks zigzagged for much of Friday but closed higher as investors took in stride the Labor Department’s news that employers cut 85,000 jobs in December, far more than the 8,000 analysts expected. The disappointing numbers were offset by a pleasant surprise: November’s report was revised to show the first job gains in nearly two years.
The Dow Jones industrial average rose 11.33, or 0.1 percent, to 10,618.19.
The Standard & Poor’s 500 index rose 3.29, or 0.3 percent, to 1,144.98.
The Nasdaq composite index rose 17.12, or 0.7 percent, to 2,317.17.
For the week:
The Dow is up 190.14, or 1.8 percent.
The S&P is up 29.88, or 2.7 percent.
The Nasdaq is up 48.02, or 2.1 percent.
For the year:
The Dow is up 190.14, or 1.8 percent.
The S&P is up 29.88, or 2.7 percent.
The Nasdaq is up 48.02, or 2.1 percent.