Money Matters, Simplified.
U.S. markets flat Friday
Sat, 11/06/2010 - 11:05 by Prince damin
The $600 billion program announced Wednesday pushed the Dow Jones industrial average to a height not seen since September 2008, the month Wall Street giant Lehman Brothers collapsed.
On Friday, the Department of Labor said the economy gained 151,000 jobs in October, which was not enough to lower the unemployment rate, which held at 9.6 percent.
In early afternoon trading, the DJIA gave up 8.59 points, 0.08 percent, to 11,426.25. The Standard & Poor's 500 added 0.25 percent, 3.11 points, to 1,224.17. The Nasdaq composite of tech-dominated stocks gained 0.01 percent, 0.14, to 2,577.48.
The benchmark 10-year treasury note lost 12/32 to yield 2.534 percent.
The euro fell to $1.4043 from Thursday's $1.4207. Against the yen, the dollar rose to 81.30 yen from Thursday's 80.65 yen.
In Japan, the Nikkei 225 index added 2.86 percent, 267.21, to 9,625.99.
In Britain, the FTSE 100 index gained 0.21 percent, 12.56, to 5,875.35.
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