Another Good Week

Wall Street closed with a second week of gains, as the Dow Jones industrial average, Standard & Poor’s and Nasdaq indices posted their best performances this year, bolstered by strong inflows of dollars from mutual funds. Investors viewed weaker-than-expected unemployment numbers as a possible end to current interest-rate hikes. The economy added 146,000 new jobs in January, the Labor Department said, an increase barely on a par with the long-term growth of the labor force and much less than the 180,000 jobs a month created last year. The Dow closed at 10,716.13, up 1.2 percent, while the Nasdaq rose 1.4 percent to close at 2,086.66. WPP, trading as American Depository Receipts on the Nasdaq, closed at $53.91, down 0.5 percent. On the Big Board, Omnicom closed at $86.65, up nearly 3 percent, while IPG finished at $13.38, an increase of 1.4 percent.