(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
Paul R. La Monica, CNN
Jackie Wattles, CNN
Parija Kavilanz, CNN
Patrick Ary, WAAY