US Stocks Close Higher As Industrials Rally

A morning report showing a declining pace of job losses in August helped industrials, including General Electric and Caterpillar, lead stocks higher Friday, although the gains weren't enough to pare all of the week's declines.

For Friday, the Dow Jones Industrial Average climbed 96.66 points, or 1.03%, to 9441.27. Pacing the index higher, General Electric tacked on 42 cents, or 3.1%, to 13.87, and Caterpillar rose 1.07, or 2.4%, to 46.11.

For the week, however, the index finished down 102.93, or 1.08%, snapping a two-week winning streak and marking only its second decline in eight weeks. (more)