NEW YORK (AP) — Stocks are fluctuating in a tight range as investors find some positives for the market in a surprisingly weak jobs report.
The Labor Department's report Friday that unemployment has risen above 10 percent for the first time since 1983 isn't welcome news but it is reassuring some investors that the Federal Reserve will hold interest rates lower.
Unemployment at 10.2 percent is weakening expectations for the U.S. economy and hurting the dollar. That, in turn, is supporting stocks. A weaker dollar makes U.S. goods cheaper for buyers overseas.
Gold has topped $1,100 an ounce for the first time.
The Dow Jones industrials are up 3 at 10,010. The Standard & Poor's 500 index is down 1 at 1,065. The Nasdaq composite index is up 1 at 2,107.
