Hits And Misses

The Dow Jones industrial average managed steady gains heading into the Labor Day weekend, closing the week up 0.7 percent to 10,260. The markets were boosted by Friday’s U.S. Department of Labor employment report, which showed the number of non-farm jobs up 144,000 following two months of lackluster growth. Overall, unemployment dipped 0.1 percent, falling to 5.4 percent—its lowest rate since 2001. Tech stocks dragged on Intel’s lowered revenue estimates; the chip maker fell 7.4 percent on Friday to $20.03. On the Big Board, Omnicom shares slipped 1.4 percent to close the week at $69.34, while IPG’s stock fell 2 percent to $10.60. WPP, trading as American Depository Receipts on the Nasdaq, was essentially flat, ending down 0.1 percent to end the week at $45.83.