Thursday’s stellar stock market gains were followed by a lackluster rise Friday, largely due to a disappointing jobs report from the federal government.
Stocks on Wall Street closed 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%, 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.