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Wall Street trades mixed on job data, lower oil prices
POSTED: 10:28 a.m. EDT, April 10,2007

Wall Street traded mixed Monday on stronger-than-expected job growth and lower crude oil prices.

The Labor Department reported last week that nonfarm payrolls rose by 180,000 in March, above forecasts of 135,000. The unemployment rate fell to 4.4 percent, a five-month low.

Crude prices continued decline, with a barrel of light sweet crude dropping 4.3 percent to 61.51 per barrel on the New York Mercantile Exchange as tensions in the Middle East eased after Iran released 15 British soldiers.

The Dow Jones industrials average rose 8.94, or 0.07 percent, to 12,569.14. The Standard & Poor's 500 index edged up 0.85, or 0. 06 percent, to 1,444.61. The Nasdaq composite index fell 2.16, or 0.09 percent, to 2,469.18.

From:xinhua
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