NEW YORK (Commodity Online): U.S. stocks pared early losses on Friday, while Nasdaq turned positive, led by gains in iPhone maker Apple Inc (AAPL.O).
Stocks opened opened lower after government data showed many more jobs were lost in September than economists anticipated. The Dow Jones industrial average DJI opened in red but slowly started recovering from the early losses.
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The index turned positive in later trading hours and remained range bound at 9517 points marginally up from its Thursday's close. The Standard & Poor's 500 Index SPX dropped 2.32 points, or 0.23 percent, at 1,027.53.
Energy stocks on S&P 500 recorded losses during the later trading hours. Exxon Mobil Corporation (XOM), Chevron Corporation (CVX) were among the loss makers during the trading hours. Exxon Mobil slipped by close to 1% at USD 66.68, while Chevron traded at 68.48 down by about 0.5% from its previous close.
Advantage Oil & Gas Ltd (AAV) shed heavy losses by close to 5% at USD 6.28. The company's market capital stood at USD 1.02 billion today.
