Stocks end mixed as market factors interest rate hike

NEW YORK - U.S. stocks are closing mixed after a strong October jobs report prompted investors to position themselves for higher interest rates coming as early as next month.

Employers added 271,000 jobs -- the most in 10 months -- across a range of industries. This could lead the Federal Reserve to raise interest rates in December, marking an end to nearly seven years of near-zero rates.

Bank stocks rose while dividend-paying stocks like utilities sank.

The Dow Jones industrial average rose 47 points, or 0.3 percent, to close at 17,910.

The Standard & Poor's 500 index was down 1 point to 2,099. The Nasdaq composite rose 19 points, or 0.4 percent to 5,147.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.33 percent.

f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.