Stock market recovers from an early swoon

AP News
Posted: Sep 06, 2013 12:02 PM
Stock market recovers from an early swoon

NEW YORK (AP) — Stocks are bouncing back from an early loss as traders take in stride a tepid jobs report and simmering tensions between the U.S. and Syria.

The Dow Jones industrial average was up 33 points, or 0.2 percent, at 14,969 at noon Eastern Friday. The Dow was down as much as 148 points earlier.

The Standard & Poor's 500 index was up five points, or 0.3 percent, at 1,660. The Nasdaq composite rose seven points, or 0.2 percent, to 3,666.

Bond yields fell as investors anticipated that the Federal Reserve would keep up its bond purchases. The yield on the 10-year Treasury note fell to 2.91 percent from 3 percent late Thursday.

The Labor Department said U.S. employers added 169,000 jobs last month, fewer than economists expected.