–Stocks mostly higher as investors balance disappointing U.S. data, Spain rescue-loan report
–Private-sector jobs, weekly jobless claims miss views
–IMF reported to be discussing possible contingency plan for Spain
NEW YORK (Dow Jones)–Stocks traded higher Thursday as investors weighed downbeat U.S. labor data and reports of a potential rescue plan for Spain.
The Dow Jones Industrial Average rose 69 points, or 0.6%, to 12488 in late-afternoon trading. Stocks recovered from a morning slump that sent the Dow down as much as 103 points, but the average remained on pace to post its biggest percentage decline for a month since September.