Sunday, Jun 26, 2016
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Stock Market

Stocks erase early loss on Wall Street

Traders shrug off a tepid jobs report, Syria tension

NEW YORK — Stocks are bouncing back from an early loss as traders take in stride a tepid jobs report and simmering tensions between the United States and Syria.

The Dow Jones industrial average was up 33 points, or 0.2 percent, at 14,969 at noon today. The Dow was down as much as 148 points earlier.

The Standard & Poor’s 500 index was up five points, or 0.3 percent, at 1,660. The Nasdaq composite rose seven points, or 0.2 percent, to 3,666.

Bond yields fell as investors anticipated that the Federal Reserve would keep up its bond purchases. The yield on the 10-year Treasury note fell to 2.91 percent from 3 percent late Thursday.

The Labor Department said U.S. employers added 169,000 jobs last month, fewer than economists expected.

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