LEAD: N.Y. stocks rise moderately on analysts' upgrade of GE.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Nov. 6 Kyodo (EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. : RECASTING WITH END OF TRADING) New York stocks rose moderately as buying backed by analysts' upgrade of General Electric Co. more than offset selling resulting from a rise in the unemployment rate for October. The Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , which gained 203.82 points Thursday to regain the 10,000 mark for the first time since Oct. 22, added 17.46 points to 10,023.42. The tech-heavy Nasdaq Composite Index Nasdaq Composite Index An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed , which rose 49.80 points the previous day, gained an additional 7.12 points to 2,112.44. Stocks came under pressure in an initial reaction to a Labor Department The Department of Labor (DOL) administers federal labor laws for the Executive Branch of the federal government. Its mission is "to foster, promote, and develop the welfare of the wage earners of the United States, to improve their working report showing that the jobless rate for October shot up to 10.2 percent, the highest in 26 years and six months. But later in the morning, stocks moved higher as investors took heart because nonfarm payroll losses of 190,000 in the report were down from 219,000 in September, market analysts said. Wall Street was also aided by two influential analysts' upward investment assessment of GE, helping push up other electrical issues, market analysts said. |
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