Friday's early afternoon trade: Dow above 11,000 for first time since May 4

The Dow rose above the psychologically important 11,000 mark for the first time since May on Friday as a weaker-than-expected jobs report increased expectations that the Federal Reserve will take more action to spur the US economy. The Fed's hint that it may do more quantitative easing has commanded the attention of equities investors in recent weeks. On Thursday, investors actually took a better-than-expected weekly jobless claims data as a bad sign for the market.
The Dow Jones industrial average rose 56.42 points, or 0.52 percent, to 11,005.00. The Standard & Poor's 500 Index added 5.84 points, or 0.50 percent, to 1,163.90. The Nasdaq Composite Index advanced 13.84 points, or 0.58 percent, to 2,397.53.