Stocks Rise As Unemployment Claims Remain Modest

By: AP
By: AP

Stocks are rising after the government reported that the number of claims for unemployment benefits remained at a level consistent with modest job growth. Contracts to buy homes rose to the highest level in a year and a half.

The Dow Jones industrial average rose 95 points at 12,246 as of 11:45 a.m. Thursday. The S&P 500 rose 9 points to 1,257, and is at breakeven for the year. The Nasdaq composite index rose 17 at 2,606.

The four-week average of unemployment claims fell to a three-and-a-half-year low of 375,000, an indication that hiring could pick up.

The National Association of Realtors says its index of sales agreements jumped 7.3 percent last month. Stocks of builders like PulteGroup and Lennar rose.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 136371928 - kktv.com/a?a=136371928
Gray Television, Inc.