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S&P within sight of a record close

The American Flag can be seen behind a sign for Wall Street near the New York Stock Exchange in New York City on March 5, 2013. UPI/John Angelillo
The American Flag can be seen behind a sign for Wall Street near the New York Stock Exchange in New York City on March 5, 2013. UPI/John Angelillo | License Photo

NEW YORK, March 14 (UPI) -- U.S. markets rose Thursday, pushing the Dow further into new territory and the Standard & Poor's index close to its all-time record close.

The Dow Jones industrial average has closed higher for 10 consecutive days, a streak unseen in at least 16 years. The past eight of those days have ended with closing record highs for the index.

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Now the broader S&P 500 index is within reach of an all-time record, which is 1,565.15.

Pushed by a Labor Department report that first-time unemployment claims fell last week to 332,000, their second-lowest level in more than five years, the S&P index added 8.71 points or 0.56 percent to 1,563.23 Thursday.

At the close, the DJIA was 83.86 points higher, up 0.58 percent, to 14,539.14.

The Nasdaq composite closed with a gain of 13.81 points, or 0.43 percent, to 3,258.93.

On the New York Stock Exchange, 2,040 stocks advanced and 1,007 declined on a volume of 3.4 billion shares traded.

The 10-year U.S. treasury bonds fell 3/32 to yield 2.034 percent.

Against the dollar, the euro rose to $1.3005 from Wednesday's $1.2961. Against the yen, the dollar was even at 96.11 yen.

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In Tokyo, the Nikkei 225 gained 141.53 points, 1.16 percent, to 12,381.19.

In London, the FTSE 100 index gained 0.74 percent, 47.91 points, to 6,529.41.

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