for "nightly business report," i'm hampton pierson in washington. >>> on wall street, investors were encouraged by that blowout jobs report sending stocks higher and pushing the dow and s&p to new records. the dow rose 58 points and is moving closer to the 18,000 mark. up 11 and s&p added 3 points. today closes the book for the dow and the s&p for this past week, most of the major averages were higher with the blue chip dow leading the pack up three quarters of 1%. oil prices dropped once again. west texas crude down nearly a dollar a barrel at $65.84. the lowest price since 2009. benchmark crude also fell to $70.15, five year low. >> rebecca patterson with the jobs report. chief officer at bessemer trust. we get to the job report but something we have not mentioned just yet. the fact that the dollar hasn't been this strong in eight years. dollar index, 8 year high. the yen, 2.5 year high against the euro. what do you think about that and does it worry you at all? >> it doesn't worry me yet. right now, i think the dollar is a good thing. it's hard to believe this, but just in 2011, t

cnbc's hampton pierson joins us. >> yes, this is one of those job reports we say both main street and wall street has really got to love. that 321,000 monthly increase in jobs in november frankly is the best in nearly two years in a month other month basis. there was also some good news inside the report showing wages actually gaining, as well as people working more hours as well. couple things too we want to get to. beyond the headline numbers. if you take a look at the ethnic breakdown. the overall unemployment rate is 5.8%. for blacks it's 11.1. latino, 6.6. whites, 4.9. asians, 4.8. now, the job gains were wide spread really across the board. with professional and business services leading the way. in just the last month, that sector of the economy added 86,000 jobs. that's the best monthly gain for that sector in four years. retail up 50,000. health care 29,000. manufacturing, gaining 28,000 jobs. widespread job growth. good news for, as i said both main street and wall street. >> when we talk about 300,000 plus, it's been a while since we've seen a report like that. >> absolutel

we will speak with portland police coming up next, but first hampton pierson has the cnbc market wrapd heading into the weekend. the dow plunging by 315 points. the s&p sliding nearly 33 points, the nasdaq falling by 55. that's it from cnbc, first in business worldwide. take a deeeeep breath in... and... exhale... aflac! and a gentle wavelike motion... ahhh-ahhhhhh. liberate your spine... ahhh-ahhhhhh...aflac! and reach, toes blossoming... not that great at yoga. yeah, but when i slipped a disk he paid my claim in just four days. ahh! four days? yep. see why speed matters, at aflac.com. alright, so this tylenol arthritis lasts 8 hours, but aleve can last 12 hours... and aleve is proven to work better on pain than tylenol arthritis. so why am i still thinking about this? how are you? aleve, proven better on pain. ring ring! progresso! i can't believe i'm eating bacon and rich creamy cheese before my sister's wedding well it's only 100 calories, so you'll be ready for that dress uh-huh... you don't love the dress? i love my sister... 40 flavors. 100 calories or less. which means it's ti