Stocks End Mixed As Unemployment Rate Checks Gains

By: Associated Press Email
By: Associated Press Email
More Video...

Stay up-to-date with KAKE News:

Friday, June 5, 2009

With unemployment still rising, investors are questioning if stocks should be, too.

Stocks are finishing little changed after the government reported a surprising drop in job losses for May but also a spike in the unemployment rate to 9.4%. It was the highest rate in more than 25 years.

The Dow Jones industrial average is closing up 12.89 points, or 0.2%, at 8,763.13.

The Standard & Poor's 500 index is down 2.37, or 0.3%, at 940.09, according to preliminary calculations. The Nasdaq is down 0.60, or less than 0.1%, at 1,849.42.

At times on Friday, the Dow traded in positive territory for the year, but the unemployment rate's jump was tough to ignore. The Dow is down just 0.2% from where it started 2009.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 47067602 -
Gray Television, Inc.