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Markets mixed after unemployment report

Dec. 7, 2012 at 5:32 PM   |   Comments

NEW YORK, Dec. 7 (UPI) -- Wall Street stocks closed mixed Friday after the Labor Department said 146,000 jobs were added and the unemployment rate dropped to 7.7 percent in November.

The jobless rate was down from 7.9 percent the previous month, but the civilian labor-force participation rate dropped 0.2 percentage points to 63.6 percent.

The Dow Jones industrial average added 81.09 points, or 0.6 percent, to close at 13,155.13, which was near session highs.

The tech-heavy Nasdaq index shed 11.23 points, or 0.4 percent, to 2,978.04. The Standard and Poor's 500 added 4.03 points, or 0.3 percent, to 1,418.07.

On the New York Stock Exchange, 1,654 stocks advanced and 1,359 declined on a composite volume of 3.1 billion shares.

The 10-year treasury note was off 11/32 to yield 1.628 percent.

The euro fell to $1.2926 from Thursday's $1.2968. The dollar rose to 82.40 yen from 82.39 yen.

Japan's Nikkei 225 index lost 17.77 points, 0.19 percent, to 9,527.39.

Britain's FTSE 100 index rose 0.22 percent, 12.98 points, to 5,914.40.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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