World Business
Wall Street rises on positive economic data
(Xinhua)
Updated: 2010-04-02 13:26
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NEW YORK: US stocks rose on Thursday, the final trading day of the holiday-shortened week, buoyed by better- than-expected readings on initial jobless claims and manufacture activity.
The US Labor Department said that initial claims for unemployment benefits slipped 6,000 to a seasonally adjusted 439,000, in line with market expectations.
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The Dow Jones industrial average was up 70.44, or 0.65 percent, to 10,927.07. The Standard & Poor's 500 index rose 8.67, or 0.74 percent, at 1,178.10 and the Nasdaq was up 4.62, or 0.19 percent, to 2,402.58.
