Stocks rise slightly after weak jobs report
ASSOCIATED PRESS September 7, 2012 2:18PM
A specialist works on the floor of the New York Stock Exchange Friday, Sept. 7, 2012. Stocks are opening mixed on Wall Street following news that the U.S. economy added fewer jobs than expected in August. (AP Photo/Richard Drew)
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Updated: September 7, 2012 3:46PM
NEW YORK — Stocks on Wall Street are closing slightly higher following news that the U.S. economy added fewer jobs than expected in August.
The Dow Jones industrial average rose 15 points to close at 13,307. The Standard & Poor’s 500 was up nearly six at 1,438. The Nasdaq composite rose less than point at 3,136.
The government reported that 96,000 jobs were created in the U.S. last month, fewer than economists had forecast.
Tech bellwether Intel dealt a blow to the market by cutting its revenue outlook because of weak demand for its semiconductors. Intel fell 90 cents, or nearly 4 percent, to $24.19.
More than two stocks rose for every one that fell on the New York Stock Exchange. Trading volume was light at 3.7 billion.
