

NEW YORK, April 26 (UPI) -- Stocks closed higher in New York Thursday after the U.S. Labor Department said first-time unemployment benefit claims dropped marginally in the week.
It was the second consecutive week of marginal gains with 2,000 fewer claims filed in the previous week and 1,000 fewer in the week that ended Saturday.
The four-week rolling average for first-time claims came to 381,750, an increase of 6,250 from the previous week.
By close of trading, the Dow Jones industrial average added 113.90 points or 0.87 percent to 13,204.62. The tech-dominated Nasdaq composite index gained 20.98 points or 0.69 percent to 3,050.61. The Standard and Poor's 500 index gained 9.29 points or 0.67 percent to 1,399.98.
On the New York Stock Exchange, 2,059 stocks advanced and 969 declined on a volume of 3.7 billion shares traded.
The 10-year treasury note fell 1/32 to yield 1.944 percent.
The euro fell to $1.3192 from Wednesday's $1.3217. Against the yen, the dollar fell to 81 yen from Wednesday's 81.34 yen.
In Tokyo, the Nikkei 225 index added 0.01 percent, 0.82, to 9,561.83.
In London, the FTSE 100 index gained 0.52 percent, 29.83, to 5,748.72.
|
|
|
|
|
|
| Additional Business News Stories | |
NEW YORK, May 24 (UPI) --
Shale oil plays in the United States may be more attractive to investors than oil sands in Canada's Alberta province, a financial analyst said.
|
LEIDEN, Netherlands, May 24 (UPI) --
With South Korea edging closer to deciding on a contractor for its $7.3 billion KF-X fighter program a European competitor is dangling a new carrot to its bid.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption