Stocks Open Mixed As Job Losses Rise

By: Associated Press Email
By: Associated Press Email

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Friday, April 3, 2009

Wall Street is opening mixed on relief that an ugly employment report wasn't even worse.

The moderate moves follow a strong run in stocks so some giveback isn't surprising.

Word that the nation's unemployment rate jumped to 8.5% in March from 8.1% in February isn't welcome news for a stock market that has hung a 20% surge in the last month on signs the economy is slowing its slide. But the numbers aren't as bad as some had feared.

In the first minutes of trading, the Dow is up 9, or 0.1%, at 7,987. The Standard & Poor's 500 index is down 1 at 834. The Nasdaq composite index is up 3 at 1,605.

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