Economy Works Overtime

The U.S. Labor Department reported Thursday that the economy added more than twice the number of jobs expected in October, but the good news was not enough to lift the Dow Jones Industrial Average last week. Some investors appeared worried that the rally that started in March already may have priced the improvements in, analysts said. In a sign of good news for IPG shareholders, J.P. Morgan last week upgraded the company from “underweight” to “neutral” and said IPG has potential as “a cash cow with very modest growth.” On the Big Board, IPG rose 9.5 percent to close the week at $16.41; Omnicom climbed 1.5 percent to $80.99; and British holding company WPP, trading as American Depository Receipts on the Nasdaq, dipped 0.1 percent to $48.93.