New York, Feb 6 (Inditop.com) A significant rally in the last hour of trading pulled US stocks back to positive territory Friday, but major indices still experienced their fourth straight weekly decline.
The Dow Jones Industrial Average ended up 10.05, or 0.10 percent, to 10,012.23, after falling nearly 170 points during the session. The Dow fell 0.55 percent over the week, its fourth consecutive week of losses, Xinhua reported.
The Standard & Poor’s 500 index added 3.07, or 0.29 percent, to 1,066.18 and the Nasdaq rose 15.69, or 0.74 percent to 2,141.12.
Major averages were pressured in the earlier session as a mixed job report failed to give investors clear direction and anxiety over European debt problem still lingered.
The US Labor Department released its eagerly-awaited nonfarm payrolls report before the opening bell, showing a mixed picture on the job market.
