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News Wrap: Stocks Muted on Weak Job Numbers

January 8, 2010 at 12:00 AM EST
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In other news, stocks rose slightly Friday despite news that the economy shed 85,000 jobs in December, and the FBI arrested two men suspected of planning terror attacks in New York.
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HARI SREENIVASAN: Wall Street’s response to the job numbers was muted. The Dow Jones industrial average gained 11 points, to close at 10618. The Nasdaq rose 17 points, to close at 2317. For the week, both the Dow and the Nasdaq gained about 2 percent.

The FBI has arrested two more men in an alleged plot to stage bombings in New York City. The men attended high school in Queens, New York, with Najibullah Zazi. He was indicted in September in the same investigation. Law enforcement officials have said they believe the men traveled with Zazi to an al-Qaida training camp in Pakistan.

Another U.S. soldier has been killed in Afghanistan. It happened Thursday in a roadside bombing. Five Americans have died in the Afghan war since the new year began. And, in a separate attack, eight Afghan soldiers were killed Thursday when their truck hit a roadside bomb.

Bitter cold refused to let up across much of the U.S. and Europe today. Britain endured more of its longest cold spell in nearly three decades, with deep snow and subzero cold in Scotland. And, in Germany, there was a rush to buy snow sleds.

In this country, Bismarck, North Dakota, had a windchill factor of 50 below zero for a second day. The deep freeze extended as far south as Florida. And schools closed in at least 10 states.

Vice President Joe Biden’s mother, Jean Biden, died today in Wilmington, Delaware. She had been seriously ill in recent days. Then-Senator Biden paid tribute to his mother at the Democratic National Convention in 2008, as she looked on.

U.S. VICE PRESIDENT JOSEPH BIDEN: You know, my mom taught her children — all the children who flocked to our house — that you are defined by your sense of honor and you are redeemed by your loyalty. She believes that bravery lives in every heart, and her expectation is that it will be summoned.

HARI SREENIVASAN: Jean Biden was 92 years old. The vice president’s father passed away in 2002.

The University of Alabama celebrated today after winning college football’s national championship last night. The Crimson Tide beat the Texas Longhorns at the Rose Bowl in Pasadena, California. The star quarterback for Texas, Colt McCoy, was knocked out of the game early. After that, Alabama dominated the first half, and then staved off a late rally by Texas to win 37-21. It was Alabama’s first title since 1992.