Indices closed well into the green zone on Friday. Kraft Foods, Procter & Gamble, Cisco Systems, and Bank of America led the Dow’s ascent. Stocks rallied on better-than-anticipated employment data. The Labor Department said 163,000 jobs were added in July. The results exceeded expectations of 100,000. June’s numbers, however, were downwardly revised to 64,000 from the initial estimate of 80,000. Meanwhile, service industry growth was up slightly in July. The Institute for Supply Management’s nonmanufacturing index rose from 52.1 in June to 52.6. On another note, crude oil futures added $4.27 to $91.40 a barrel. Looking ahead to next week, earnings reports are due from such companies as Walt Disney, Macy’s and Emerson Electric.
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