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US Stocks Rally On Jobs Gains

Stocks rose after the US economy added more jobs than expected last month, driving the Nasdaq Composite to an 11-year high and pushing the Dow to its highest close in nearly four years.

The Dow Jones advanced 156 points, or 1.2%, to 12,862, ending the week with its best finish since May 19, 2008.

Aussie shares down for the week

Local shares edged lower Friday as European debt crisis fears continued to weigh.

US Stocks Mixed Ahead Of Key Jobs Report

The Dow finished in the red for the fifth time in six sessions, as a mixed earnings curbed sentiment ahead of Friday's key reading on jobs and unemployment.

The Dow Jones edged lower by 11 points, or 0.1%, to 12,705.

US Stocks Near Multi-Year Highs On Manuf...

US stocks moved to within striking distance of a multiyear high, buoyed by solid manufacturing reports around the globe.

The Dow Jones climbed 83 points, or 0.66%, to 12,716, a day after indexes notched their strongest January gains in more than a decade.