US stocks recover after jobs report


The Dow Jones industrial average rose by 0.2% to close at 11,382

US stocks closed higher after spending most of Friday in a slump.

A late afternoon surge helped all three major indexes recover ground lost earlier in the day. A drop in the dollar boosted shares in energy and materials companies.

An unexpected rise in the US unemployment rate to a seven-month high pushed most stocks down on Friday morning.

According to preliminary calculations, the Dow Jones industrial average is up 19, or 0.2%, to close at 11,382.

The S&P 500 is up 3, or 0.3%, to 1,224. The Nasdaq composite index is up 12, or 0.5%, to 2,591.

Rising shares outpaced falling ones by almost two to one on the New York Stock Exchange. Volume was 907 million shares.

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