Markets Rebound to Close Week on High Note, Unemployment Claims Dip
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iStockphoto/Thinkstock(NEW YORK) — Wall Street rebounded from poor performances on Thursday to finish the week on a high note, while the U.S. Labor Department announced lower unemployment rates in 22 states.
The Dow Jones Industrial Average finished the day up 1213.37 to 17100.18. The index climbed back over the 17,000 mark, which it reached for the first time ever earlier this month.
The Nasdaq closed at 4432.15, up 68.7 from Thursday’s finish, while the S&P 500 ended the session up 20.1 to 1978.22.
A Labor Department report said on Friday that 22 states saw lower numbers of unemployment benefits claimed. Overall, 3,000 fewer Americans claimed unemployment compared to the revised numbers from the week before.
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