Stocks rise despite weak jobs report

As Friday’s trading hit its midpoint, U.S. stocks were higher for a sixth consecutive day, with investors appearing to be comforted rather than troubled by a slightly weak jobs report.

U.S. employers added 156,000 jobs in August, the Labor Department said, but investors appeared to be pleased at the prospect the will leave interest rates lower.

Shares in automakers rose as they reported their sales for the month of August. jumped 4.6%.

Bank stocks rose with bond yields and interest rates. rose 1.4%.

The Standard & Poor’s 500 index picked up 4 points, or 0.2%, to 2,475.

The Dow Jones industrial average rose 44 points, or 0.2%, to 21,992. The Nasdaq composite, which finished at a record high a day ago, added 3 points, or 0.1%, to 6,432.

UPDATES:

9:05 a.m.: This article was updated with more recent market information.

This article was originally published at 7 a.m.

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