Solid jobs numbers send US stocks higher

A SOLID number on US job creation in October has given a spark to stocks, even as the unemployment rate ticked higher to 7.9 per cent.

The economy generated a net 171,000 jobs last month, and revisions put the three-month average at 170,000, better news than expected for the economy and President Barack Obama as he fights to keep his job in next Tuesday's vote.

Five minutes into Friday's trade the Dow Jones Industrial Average was up 47.35 points (0.36 per cent) to 13,279.97.

The broad-based S&P 500 gained 4.83 (0.34 per cent) to 1432.42, and the Nasdaq Composite rose 6.77 points (0.22 per cent) to 3026.83.

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