Wall Street Bounces Back with Gains, Unemployment Claims Down
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tarabird/iStock/Thinkstock(NEW YORK) — Wall Street bounced back from consecutive days in the red on Thursday, as unemployment claims dropped from last week.
The Dow Jones Industrial Average climbed 259.83 to a close of 17,895.22.
The Nasdaq jumped 43.35 to end the session at 4,893.29, while the S&P 500 closed at 2,065.95, up 25.71 from its open.
With Thursday’s gains, the Dow and the S&P have wiped out the losses they had racked up for the year to date.
The Department of Labor released its weekly unemployment data on Thursday morning, showing that 36,000 fewer Americans claimed unemployment insurance as compared to last week. The most recent claims data showed 289,000 Americans filing for unemployment benefits.
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