|
 Despite the rally, however, major indexes ended down for the week,
with the first diagnosis of Ebola in a patient in the United States
and protests in Hong Kong among the main catalysts for sharp selling
earlier in the week.
The Labor Department reported that U.S. non-farm payrolls rose by
248,000 last month and the jobless rate fell two-tenths of a point
to 5.9 percent.
"There were a number of fears in the market, and the market had been
giving up a lot of its gains. I think the jobs report took away a
lot of the near-term concerns about the pace of the U.S. economy's
(growth)," said Robbert Van Batenburg, director of market strategy
at Newedge USA LLC in New York.
A Reuters survey on Friday showed most of Wall Street's top bond
firms still see the Federal Reserve starting to raise interest rates
no later than June of next year.
All 10 S&P sectors ended in positive territory, though the S&P
energy index <.SPNY> was the day's weakest and ended barely higher
following further declines in oil prices <CLc1> <LCOc1>. The energy
index was down 3.8 percent for the week.
Financial and healthcare shares were among the day's biggest
positives. The Dow Jones transportation average <.DJT> also rallied,
ending up 2.1 percent, its biggest daily percentage gain since
March, as airline stocks jumped. Shares of Delta Air Lines <DAL.N>
rose 4.7 percent to $36.95.
The Russell 2000 index <.TOY> rose 0.8 percent, but was down 1.3
percent for the week, its fifth straight week of losses.
The Dow Jones industrial average <.DJI> rose 208.64 points, or 1.24
percent, to 17,009.69, the S&P 500 <.SPX> gained 21.73 points, or
1.12 percent, to 1,967.9 and the Nasdaq Composite <.IXIC> added
45.43 points, or 1.03 percent, to 4,475.62.
For the week, the Dow was down 0.6 percent, the S&P 500 was down 0.8
percent and the Nasdaq was down 0.8 percent.
[to top of second column] |
The largest percentage gainer on the New York Stock Exchange was
Zendesk INC <ZEN.N>, which rose 16.93 percent to $25.55, while the
largest percentage decliner was Cliffs Natural Resources <CLF.N>,
down 16.80 percent at $8.32.
Among the most active stocks on the NYSE were Rite Aid <RAD.N>, up
0.80 percent at $5.03 and Brazil's Petrobras <PBR.N>, up 4.33
percent to $13.97.
On the Nasdaq, Apple <AAPL.O>, down 0.3 percent to $99.62, and Yahoo
<YHOO.O>, up 1.3 percent at $41.03, were among the most actively
traded.
Advancing issues outnumbered declining ones on the NYSE by 2,067 to
989, for a 2.09-to-1 ratio on the upside; on the Nasdaq, 1,776
issues rose and 895 fell for a 1.98-to-1 ratio also favoring
advancers.
The benchmark S&P 500 index posted 14 new 52-week highs and five new
lows; the Nasdaq Composite recorded 36 new highs and 54 new lows.
About 6.6 billion shares changed hands on U.S. exchanges, compared
with the 7 billion average for the last five sessions, according to
data from BATS Global Markets.
(Editing by James Dalgleish)
[© 2014 Thomson Reuters. All rights
reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
