Jobs data please US stock markets

January 5 2013 at 09:21am
By SAPA

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Washington - US stocks traded higher Friday after the US Bureau of Labour Statistics said the unemployment rate in the United States was unchanged in December at 7.8 per cent.

The Standard & Poor's 500 Index shot up to its highest level since December 2007. The index rose 4.6 per cent this week, its largest advance since December 2011.

The blue-chip Dow industrials gained 43.85 points or 0.33 per cent, to 13,435.21. The broader Standard & Poor's 500 Index was up 7.10 points or 0.49 per cent to 1,466.47. The technology-heavy Nasdaq Composite Index rose 1.09 points, or 0.04 per cent, to 3,101.66.

The US currency dipped to 76.52 euro cents from 76.73 euro cents on Thursday. The dollar was up against the Japanese currency to 88.15 yen from 87.51 yen. - Sapa-dpa

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