Wall Street ekes out gains after China stimulus plan, jobs data

REUTERS: U.S. stocks edged higher on Friday as China's stimulus plan helped ease some concerns around global growth, while investors digested underwhelming jobs data that capped a week of mixed economic signals.

The Labor Department's nonfarm payroll data showed the economy added 130,000 jobs in August, below expectations of a gain of 158,000, according to a Reuters survey of economists. Even though poor August factory data and tit-for-tat tariffs caused a turbulent start, Wall Street's major indexes were on track for their second straight week of gains.

At 13:12 ET, the Dow Jones Industrial Average was up 94.30 points, or 0.35per cent, at 26,822.45, the S&P 500 was up 5.11 points, or 0.17per cent, at 2,981.11 and the Nasdaq Composite was up 1.36 points, or 0.02per cent, at 8,118.18.

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