Stocks Advance Ahead of July Fourth Holiday
(NEW YORK) — Stocks on Wednesday headed into the Fourth of July break on the plus side. The markets closed early Wednesday, ahead of the holiday.
The Dow Jones Industrial Average closed up 56.14 points at 14,988.55. The Nasdaq Composite added 10.27 points for the day to close at 3,443.67, while the S&P 500 1.33 points and closed at 1,615.41.
Encouraging news about the job market offset worries about a market sell-off in Portugal and an intensifying political crisis in Egypt.
First time jobless claims fell 5,000 last week, a sign employers are continuing to hire modestly.
The price of oil rose above $102 a barrel for the first time in 14 months amid concerns about Mideast oil supply and signs of an increase in U.S. demand for fuel.
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