... Major stock averages closed higher as investors snapped up industrial and other selected issues after an earlier market decline that was fueled by news the U.S. jobless rate hit a 26-year high. The late rally drove the DJIA above 10,000 for a second day. The U.S. Oct. jobs report showed a jobless rate of 10.2%; non-farm payrolls fell 190,000. NYSE breadth 15-14 positive. NASDAQ breadth 14-12 negative. Market watchers said some traders discounted the jobs data, while other unwound positions ahead of the weekend. Treasuries were flat. The dollar rose. Gold rose. Oil fell./B.Egli

06-Nov-2009 16:30:13 (14776429)   Copyright 2009 The McGraw-Hill Companies, Inc, Standard & Poor's, a division of The McGraw-Hill Companies, Inc., and their affiliates (collectively, "S&P"). Reproduction of this content in any form is prohibited except with the prior written permission of S&P.