Wall Street Rebounds Thursday on Back of Positive Unemployment Report
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tarabird/iStock/Thinkstock(NEW YORK) — After a difficult start to the week, the markets rebounded somewhat on Thursday, with all three major indices posting gains following a positive unemployment report.
The Dow Jones Industrial Average gained 63.19 on the day, finishing at 17,596.34.
The Nasdaq climbed 24.13 to 4,708.16, while the S&P 500 ended the session at 2,035.33, 9.19 higher than it opened.
The Department of Labor said Thursday that unemployment claims were down 3,000 from the week before, at 294,000 overall. Still, the four-week moving average was slightly up — to 299,250.
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