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US STOCKS SNAPSHOT-Wall St ends higher on Fed hopes

Published 10/08/2010, 04:15 PM
Updated 10/08/2010, 04:16 PM

NEW YORK, Oct 8 (Reuters) - U.S. stocks finished higher on Friday, with the Dow closing above the 11,000 mark for the first time in five months, as a surprisingly weak jobs report strengthened the case for more stimulus from the Federal Reserve.

Based on the latest available data, the Dow Jones industrial average gained 57.90 points, or 0.53 percent, to end unofficially at 11,006.48. The Standard & Poor's 500 Index added 7.09 points, or 0.61 percent, to finish unofficially at 1,165.15. The Nasdaq Composite Index advanced 18.24 points, or 0.77 percent, to close unofficially at 2,401.91.

For the week, the Dow and S&P 500 each rose 1.6 percent while the Nasdaq gained 1.3 percent. (Reporting by Caroline Valetkevitch; Editing by Jan Paschal)

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