U.S. Stocks Close Higher on Payroll Anticipation
- 12 years ago
The S&P 500 extended gains to a fourth day on Thursday, putting it on the cusp of a new five-year high if Friday's jobs report shows encouraging signs for the labor market.
The number of Americans filing new claims for unemployment benefits rose only slightly last week after a big drop the week before, the Labor Department reported on Thursday, leading to hopes that Friday's closely watched non-farm payrolls report would show improvement.
The Dow Jones industrial average gained 80.75 points, or 0.6 percent, to 13,575.36 at the close. The S&P 500 rose 10.41 points, or 0.72 percent, to 1,461.40. The Nasdaq Composite added 14.23 points, or 0.45 percent, to end at 3,149.46.
The number of Americans filing new claims for unemployment benefits rose only slightly last week after a big drop the week before, the Labor Department reported on Thursday, leading to hopes that Friday's closely watched non-farm payrolls report would show improvement.
The Dow Jones industrial average gained 80.75 points, or 0.6 percent, to 13,575.36 at the close. The S&P 500 rose 10.41 points, or 0.72 percent, to 1,461.40. The Nasdaq Composite added 14.23 points, or 0.45 percent, to end at 3,149.46.