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MARKETPLACE:  Auto | Jobs | People Search | Personals | Travel | Yellow Pages  March 16, 2006
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Stocks post a gain for the session, finish mixed on the week
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NEW YORK Stocks closed higher today on a strong February jobs report, although the advance wasn't enough to put all the major indexes in positive territory for the week.

The Dow Jones industrial average finished with a gain of 104 points at eleven-thousand-76, and up 54 and three quarters points on the week. Advancing issues on the New York Stock Exchange led losers better than two-to-one on volume of one-point-six (b) billion shares. The Nasdaq composite index was up 12 points at the 22-hundred-62 level, a loss of 40 points for the week. One-point-six (b) billion shares traded on the tech-heavy exchange. And the S-and-P 500 added nine points, closing at 12-hundred-81 -- down more than five points for the week.

The Labor Department reported before the market opened that the economy cranked out 243-thousand jobs last month. Some analysts say that while the market saw that as a sign of strength, the number was just tepid enough possibly to forestall more interest rate hikes from the Federal Reserve.

Of particular note was the fact that average hourly earnings rose just three-tenths percent from January, a slight increase that doesn't raise concerns about significant wage pressures.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.






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