When it finally arrived, the payrolls report didn't disappoint breath holders -- showing an unemployment rate at a 26-year high on the cusp of 10% and, moreover, confirming not merely that American jobs have been lost over the past month or the past year but over the entire past decade.
And yet stocks rallied Friday.
That advance, though, was not enough to salvage the week's performance. From last Friday's closing bell through the end of this week, the Dow industrials were down 1.1%, while the S&P 500 was off by 1.2%. The Nasdaq Composite, after gaining 1.8% Friday, was down 0.5% for the week.
by Marketwatch
