Rally Sends Stocks to Two-Week High
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Hemera/Thinkstock(NEW YORK) — A cease fire a half a world away caused U.S. markets to rally before the Thanksgiving holiday. The indexes finished at their highest levels in two weeks.
The Dow closed up 48.38 points, or 0.4 percent to 12,836.89. The Nasdaq added 9.87 points and closed at 2,926.55. The S&P closed at 1,391.03, up 3.22 points Wednesday.
Stocks shot up Wednesday after Secretary of State Clinton helped to broker a deal, to end more than a week of fighting between Israel and Hamas.
The markets will be closed Thursday for Thanksgiving.
The Conference Board’s index of leading indicators increased two-tenths of a percent in October. It was up a half a percent the month before. The index is used to forecast economic conditions three to six months down the road.
The number of people filing first time jobless claims was up again for a second straight week, mainly because of people in areas affected by Super Storm Sandy who still can’t work. New claims fell by 41,000.
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