KKTV - Economy - Headlines

US Stocks Gain On Unemployment Report

By: AP
By: AP

U.S. stocks are higher at the opening bell after the government said weekly jobless claims edged downward last week.

The lower jobless number suggests that employers may accelerate hiring this month.

The Dow Jones industrial average rose 65 points to 12,900 shortly after the opening bell Thursday. The Standard & Poor's 500 gained almost 11 points to 1,365.

Some investors were worried about tech stocks because of a disappointing forecast from networking giant Cisco Systems. Cisco is down 8 percent. But the tech-focused Nasdaq composite index rose 13 points to 2,948.

Before Thursday, the Dow had fallen for six days in a row.

European stocks are higher as talks to form a Greek government push into a fourth day.


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