The Labor Department issued their October 2010 Employment Situation Summary today, and showed an increase of 151,000 nonfarm jobs in October, although the unemployment rate remained unchanged at 9.6 percent. You can see the full report here. Unfortunately, the pending home sales news released by the National Association of Realtors was not as positive. Their report (found here) showed that pending home sales in September fell 1.8 percent, with sales in the Midwest falling the most. The Federal Reserve released its Consumer Credit Reports for September. The report (found here) shows that consumer credit declined 1.5 percent in September.
Despite optimism and impressive gains on Thursday, the Dow Jones Industrial Average spent most of Friday down, but ended the day up 9.24 points to 11,444.08 The Nasdaq was up 1.64 points to 2,578.98 and the S&P 500 rose 4.79 points to 1,225.85.
European markets were mixed on Friday while Asian markets were up after Toyota Motor Corp reported a quadrupled net income for the second quarter of 2011.
Stocks in the news: Starbucks Corp (NASDAQ: SBUX), CBS Corp (NYSE: CBS), Fluor Corp (NYSE: FLR).
