U.S. stocks shrugged off a tepid jobs report on Friday, reversing early losses and ending the day fractionally higher.
The government reported Friday that 162,000 jobs were created last month, fewer than economists had been expecting. While that curbs optimism on the strength of the economic recovery, it also ensures that the Federal Reserve will take its time cutting its economic stimulus. That stimulus has been a major support for a four-year bull-run in stocks.
The Dow rose 30.34 points, or 0.2 percent, to 15,658.36.
The S&P 500 rose 2.80 points, or 0.2 percent, to 1,709.67.
The Nasdaq composite index gained 13.84 points, or 0.4 percent, to 3,689.59.
For the week:
The Dow is up 99.53 points, or 0.6 percent.
The S&P 500 is up 18.02 points, or 1.1 percent.
The Nasdaq composite is up 76.53 points, or 2.1 percent.
For the year:
The Dow is up 2,554.22 points, or 19.5 percent.
The S&P 500 is up 283.48 points, or 19.9 percent.
The Nasdaq composite is up 670.08 points, or 22.2 percent.