NEW YORK, Nov. 5 (UPI) -- A better-than-expected jobs report pushed U.S. stocks higher Friday but Treasury bonds suffered as investors worried about next week's Fed meeting.
The Dow Jones industrial average added 72.78 or 0.71 percent to finish the week at 10,387.54 while the Nasdaq added 15.31 or 0.76 percent to 2,038.94 in heavy trading. The Standard & Poor's 500-stock index was up 4.50 or 0.39 percent to 1,166.17.
News that non-farm payrolls grew by a 337,000 last month fueled the rally. The figure was twice what economists had been expecting and more than twice the increase recorded in September. Analysts said the gain validated the Federal Reserve's view the economy is improving.
Bonds fell with the 10-year Treasury falling 30/32, or nearly $10 for each $1,000 invested. The yield rose to 4.18 percent.
The dollar fell to 105.595 yen, down from 106 yen while the euro rose to $1.2968 from $1.2872.
Overseas, Tokyo's Nikkei 225 Stock rose 115.50 points or 1.1 percent to 11,061.77. London's FTSE 100 closed at 4,739.80 after rising 11.50 or 0.24 percent.
