Stocks Recover After Week of Losses

Business

0  Updated at 3:15 pm, March 29th, 2012 By: ABC Digital
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Comstock/Thinkstock(NEW YORK) — A late-session rally Thursday pushed the Dow into positive territory.
 
The Dow closed up 20 points. The Nasdaq dropped 10
and the S&P gave up two.
 
In a hopeful sign for job seekers, the Labor Department says first-time jobless claims dropped again last week to a seasonally-adjusted 359,000.  It’s the smallest number of applicants in almost four years.
 
As for discussions on oil, the prime minister of France says there’s a “good chance” the U.S. and Europe will agree to release oil reserves into the market to drive down crude prices. That word helped send the prices down nearly $2.
 
Copyright 2012 ABC News Radio