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In a fresh sign of Wall Street's resiliency, stocks held onto their big week of gains on Friday as not even the unemployment rate soaring above the 10% threshold was enough to spook the markets.
Today's Markets
The Dow Jones Industrial Average rose 17.46 points, or 0.17%, to 10023.42, the S&P 500 gained 2.67 points, or 0.25%, to 1069.30 and the Nasdaq Composite added 7.12 points, or 0.34%, to 2112.44. The consumer-friendly FOX 50 picked up 4.34 points, or 0.56%, to 784.61.
Friday's resiliency, which was fueled in part by more weakness for the dollar, comes after the Dow soared 204 points a day ago amid upbeat economic reports and hopes the labor data would show job cuts slowed more significantly than they have. The benchmark index had been down as much as 69 points Friday morning before rallying off its lows.
"If you wind the clock back six to eight months, everyone was forecasting unemployment would hit this level.