NEW YORK (AP) U.S. stocks are inching higher in early trading Friday after the government reported that employers added more jobs than expected in April and the unemployment rate hit its lowest level in five years. Several companies fell after reporting mixed earnings for the latest quarter.
KEEPING SCORE: The Dow Jones industrial average rose 55 points, or 0.3 percent, to 16,613 as of 10:25 Eastern time. The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,891. The Nasdaq rose 15 points, or 0.4 percent, to 4,142.
MORE JOBS: The U.S. Labor Department said employers added 288,000 jobs in April. They also added more jobs in February and March than earlier estimated, according to the report. The unemployment rate fell to 6.3 percent, the lowest since September 2008.
MISSED: LinkedIn fell $7, or more than 4 percent, to $154.18 after reporting its largest quarterly loss since going public. The online professional networking service has been ramping up its investments in projects aimed at attracting more users. The company has fallen out of favor with investors amid concerns about the company's rising expenses and slowing revenue growth.
BEAUTY BEAT: Estee Lauder rose $2.81, or 4 percent, to $75. The beauty products company reported the quarterly earnings jumped 19 percent, helped by strength in emerging markets.
NO DEAL: The board of pharmaceutical company AstraZeneca on Friday rejected drugmaker Pfizer's latest takeover offer, calling it inadequate. Pfizer, the world's second-biggest drugmaker by sales, had proposed a $100 billion acquisition, its third attempt at buying AstraZeneca. Pfizer fell 31 cents, or 1 percent, to $30.86.
TREASURYS AND COMMODITIES: Bond prices fell. The yield on the 10-year Treasury note rose to 2.64 percent from 2.61 percent Thursday. The price of oil rose 11 cents to $99.52 per barrel.
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RESULT
Stocks edged higher on Wall Street early Thursday on several encouraging reports about the U.S. economy, including a drop in claims for unemployment benefits.
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U.S. stocks fall sharply, U.S. stocks sell off; Nasdaq drop worst in 2 The unemployment rate remained unchanged at 6.7% as more people went
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US Stocks move higher after unemployment rates drop. 0. The U.S. stock market is moving higher in early Dow higher on earnings gain; Stocks edge higher
Stocks open higher after unemployment rate drops
Home » Barack Obama » Stocks open higher after unemployment rate drops. Share. Tweet. Tumblr US stock futures edge up ahead of jobs report
Stocks End Mostly Higher; Nasdaq Drops - WSJ.com
U.S. stocks closed mostly higher Friday after data showed more Stocks End Mostly Higher; Nasdaq Drops the unemployment rate ticked up to 6.7%
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FTSE ends higher as US jobless rate drops. which will keep the unemployment rate heading lower and Stock futures in the US are pointing to a
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Market overview: FTSE ends higher as US jobless rate drops ...
FTSE ends higher as US jobless rate drops. Fri, which will keep the unemployment rate heading lower and the Fed on track for Stocks edge higher,
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U.S. stocks are higher in midday trading after the government reported a decline in the unemployment rate last month. www.kansascity.com (1391792700)
US stock futures edge higher as another big week for ...
US stock futures edge higher as another big week for earnings starts. By STEVE ROTHWELL AP Markets Writer April 21, 2014 - 9:22 am EDT. NEW YORK U.S
