Stocks erase an early loss and end slightly higher

AP News
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Posted: Aug 02, 2013 4:12 PM
Stocks erase an early loss and end slightly higher

NEW YORK (AP) — The stock market is closing slightly higher after erasing an early loss.

The Dow Jones industrial average rose 30 points, or 0.2 percent, to close at 15,658 Friday. It had been down as much as 69.

The Standard & Poor's 500 rose three points, or 0.2 percent, to 1,709. The Nasdaq rose 13, or 0.4 percent, to 3,689.

The Dow closed out its sixth straight weekly gain.

A government report that hiring slowed last month stalled the market in early trading Friday, but indexes recovered throughout the day.

The government reported that 162,000 jobs were created in July, fewer than economists expected and the least since March.

Rising stocks slightly outnumbered falling ones on the New York Stock Exchange. Volume was lighter than average at 3.1 billion shares.