Weak jobs report sends bond prices higher, dollar lower

NEW YORK (AP) — A weak report on the U.S. jobs market pushed bond prices up and the dollar lower on Friday. After an initial dive, the stock market turned higher in the afternoon, as traders anticipated that the slowdown in hiring would keep the Federal Reserve from raising a key interest rate off a record low.

KEEPING SCORE: The Standard & Poor's 500 index was up 10 points, or 0.5 percent, to 1,934, as of 1:20 p.m. Eastern time. The Dow Jones industrial average rose 83 points, or 0.5 percent, to 16,356, while the Nasdaq composite gained 33 points, or 0.7 percent, to 4,660.

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