Post by bot on Sept 26, 2013 19:33:21 GMT -5
Stocks climb as data cast better light on jobs
NEW YORK (MarketWatch) - U.S. stocks gained on Thursday, with the S&P 500 breaking its longest-running stretch of losses this year, as a bigger-than anticipated drop in jobless claims mostly overrode concerns about a budget standoff on Capitol Hill. "We had good economic data in the jobless claims, but markets are responding nervously ahead of, and coincident to, the tough talk in Washington," said Jim Russell, senior equity strategist for U.S. Bank Wealth Management. The Dow industrials climbed 55.04 points, or 0.4%, to 15,328.3. The S&P 500 index added 5.9 points, or 0.4%, to 1,698.67. The Nasdaq Composite rose 26.33 points, or 0.7%, to 3,787.43.
NEW YORK (MarketWatch) - U.S. stocks gained on Thursday, with the S&P 500 breaking its longest-running stretch of losses this year, as a bigger-than anticipated drop in jobless claims mostly overrode concerns about a budget standoff on Capitol Hill. "We had good economic data in the jobless claims, but markets are responding nervously ahead of, and coincident to, the tough talk in Washington," said Jim Russell, senior equity strategist for U.S. Bank Wealth Management. The Dow industrials climbed 55.04 points, or 0.4%, to 15,328.3. The S&P 500 index added 5.9 points, or 0.4%, to 1,698.67. The Nasdaq Composite rose 26.33 points, or 0.7%, to 3,787.43.
