Markets up for week

A late rally gave Wall Street a modest advance Friday after a lackluster employment report left investors wondering about the pace of economic growth and inflation. The major indexes each gained more than 1 percent this week.

While October’s job creation figures fell short of expectations, it signaled the economy is weathering the blows dealt by hurricanes Katrina and Rita. The Labor Department said U.S. employers added 56,000 jobs last month, half the 100,000 increase projected by economists.

At the close of trading, the Dow Jones industrial average rose 8.17, or 0.08 percent, to 10,530.76.

Broader stock indicators were also higher. The Standard & Poor’s 500 index was up 0.20, or 0.02 percent, at 1,220.14, and the Nasdaq composite index added 9.21, or 0.43 percent, to 2,169.43.