Rebound in stocks after U.S. jobs data, Chinese stock rise
Traders work on the floor of the New York Stock Exchange at the start of the trading day on Wall Street on Jan. 7, 2015. Credit: EPA / Andrew Gombert
Energy companies declined Friday as the price of crude oil fell further. Crude oil is trading at about $33 a barrel, the lowest price since 2004. Marathon Oil sank 6 percent.
The Dow Jones industrial average was up 21 points, or 0.1 percent, at 16,536 as of 11:45 a.m. Friday on Wal Street.
The Standard & Poor’s 500 index slipped a point to 1,941. The Nasdaq composite was up two points at 4,692. China’s market also rose. The benchmark index in Shanghai gained 2 percent. Bond prices rose. The yield on the 10-year Treasury note fell to 2.14 percent.
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