Stocks Move Higher As Job Picture Improves

NEW YORK (December 7, 2012)--Stocks closed mostly higher Friday on Wall Street after the government reported that job growth that was better than economists anticipated.

The Dow Jones industrial average closed up 81 points to end the day at 13,155 Friday.

The Dow ends the week with a gain of 1 percent.

The Standard & Poor's 500 rose 4 points to close at 1,418.

The Nasdaq composite edged down 11 points to close at 2,978, weighed down by another loss in Apple, its biggest component.

The Labor Department said the U.S. added 146,000 jobs last month, more than expected.

The unemployment rate fell to 7.7 percent from 7.9 percent, but mainly because more people gave up looking for work.

Rising stocks outnumbered falling ones on the New York Stock Exchange where volume was slightly lighter than the recent average, 3.1 billion shares.


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