Stocks erase an early loss and end slightly higher

Associated Press
In this Wednesday, July 31, 2013, photo, dpecialists Joseph Dreyer, left, and Donald Civitanova work on the floor of the New York Stock Exchange. World stocks were mostly higher as investors awaited key U.S. data later Friday Aug. 2, 2013 that they hoped would add further evidence of a strengthening recovery in the world's biggest economy. (AP Photo/Richard Drew)
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In this Wednesday, July 31, 2013, photo, dpecialists Joseph Dreyer, left, and Donald Civitanova work on the floor of the New York Stock Exchange. World stocks were mostly higher as investors awaited key U.S. data later Friday Aug. 2, 2013 that they hoped would add further evidence of a strengthening recovery in the world's biggest economy. (AP Photo/Richard Drew)

NEW YORK (AP) — The stock market is closing slightly higher after erasing an early loss.

The Dow Jones industrial average rose 30 points, or 0.2 percent, to close at 15,658 Friday. It had been down as much as 69.

The Standard & Poor's 500 rose three points, or 0.2 percent, to 1,709. The Nasdaq rose 13, or 0.4 percent, to 3,689.

The Dow closed out its sixth straight weekly gain.

A government report that hiring slowed last month stalled the market in early trading Friday, but indexes recovered throughout the day.

The government reported that 162,000 jobs were created in July, fewer than economists expected and the least since March.

Rising stocks slightly outnumbered falling ones on the New York Stock Exchange. Volume was lighter than average at 3.1 billion shares.

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