Positive Unemployment Numbers Pave Way for More Wall Street Gains
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tarabird/iStock/Thinkstock(NEW YORK) — Wall Street’s gains continued Thursday as the markets continued a bounce-back from two losing sessions to start the year.
The Dow Jones Industrial Average closed at 17,907.87, up 323.35 from the open.
The Nasdaq finished the session up 85.72 to 4,736.19, while the S&P 500 gained 36.24 to a close of 2,062.14.
The U.S. Labor Department reported on Thursday that unemployment claims dropped by 4,000 this week to 294,000. The four-week moving average was also down this week, measuring 290,500.
Also on Thursday, the U.S. Department of Transportation announced $70 million in fines against automaker Honda for failing to report more than 1,700 complaints that its vehicles caused injuries or deaths.
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