September 05, 2014- Stocks Rebound on Weak Payroll Data

U.S. stocks rose on Friday afternoon, rebounding from losses earlier in the session, as investors took a weak payrolls report to mean there was little risk the Federal Reserve would speed up its plans to raise interest rates. Stocks had fluctuated in morning trading after the government reported far fewer U.S. jobs were created in August than had been expected. By early afternoon, however, major indexes swung largely to the upside, led by utility stocks, as some investors saw the payrolls weakness as reason to believe the Fed would hold off on hiking interest rates.