News

... Major stock averages closed higher as investors snapped up industrial and other selected issues after an earlier market decline that was fueled by news the U.S. jobless rate hit a 26-year high. The late rally drove the DJIA above 10,000 for a second day. The U.S. Oct. jobs report showed a jobless rate of 10.2%; non-farm payrolls fell 190,000. NYSE breadth 15-14 positive. NASDAQ breadth 14-12 negative. Market watchers said some traders discounted the jobs data, while other unwound positions ahead of the weekend. Treasuries were flat. The dollar rose. Gold rose. Oil fell./B.Egli