Stocks rally strongly after the government says 163,000 jobs were added to the economy, more than expected. Kraft and HP lead the Dow; Procter & Gamble sets a share buyback program. LinkedIn's guidance impresses. Gold and oil push higher.
The Dow and S&P 500 move lower, but the major indexes are enjoying their best week since 2009. Big Thanksgiving promotions worked for many retailers. Automakers report strong November sales. Oil briefly falls below $100.
The blues chips have their best close since June 2008. Gold's finish is a record, and silver jumps above $46. General Electric, Verizon and McDonald's results don't impress. Biogen Idec says a multiple-sclerosis drug has promise.
The Empire State Manufacturing index drops 3 points, coming up short of expectations.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.