Comment on Stock market shakes off an early loss and turns higher

Stock market shakes off an early loss and turns higher

NEW YORK (AP) — Stocks were turning modestly higher in afternoon trading Friday, after the U.S. government's disappointing jobs report added to speculation that the Federal Reserve might keep interest rates low for another year. Investors were also weighing tepid U.S. earnings reports and persistent weakness in the global economy. A closely watched Chinese manufacturing survey showed production contracted last month and European Union officials trimmed their forecasts for growth across the 19 countries that use the euro. ANALYST'S TAKE: "Once again, we received evidence that the U.S.

 

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