{"id":14422,"date":"2011-12-15T15:31:40","date_gmt":"2011-12-15T15:31:40","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/12\/us-stocks-jump-on-low-jobless-claims\/"},"modified":"2011-12-15T15:31:40","modified_gmt":"2011-12-15T15:31:40","slug":"us-stocks-jump-on-low-jobless-claims","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/12\/15\/us-stocks-jump-on-low-jobless-claims\/","title":{"rendered":"US stocks jump on low jobless claims"},"content":{"rendered":"
\n

NEW YORK, (AFP) \u2013 US stocks pushed higher Thursday after three straight falls boosted by a sharp downturn in US weekly jobless claims and Spain\u2019s surprisingly successful debt sale.<\/p>\n

Shortly after the open the Dow Jones Industrial Average was up 112.84 points ( 0.95 percent) at 11,936.32.<\/p>\n

The broader S&P 500 rose 12.02 (0.99 percent) to 1,223.84, while the tech-heavy Nasdaq Composite jumped 22.76 (0.90 percent) to 2,562.07.<\/p>\n

Sentiment got a bump from the report that new jobless claims hit a three year low last week, suggesting layoffs are slowing down and US businesses are feeling more confident.<\/p>\n

Also helping was Spain\u2019s bumper bond sale, raising nearly twice the amount targeted as it snatched the chance to lock in competitive borrowing rates in the swirling eurozone debt crisis.<\/p>\n

On Wednesday, Italy was forced to pay record high rates in a bond sale, a sign of frailty which sent stocks on both sides of the Atlantic tumbling.<\/p>\n<\/div>\n

Comments are moderated. Please keep them clean and brief.<\/p>\n<\/p>\n

View the original here:
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NEW YORK, (AFP) \u2013 US stocks pushed higher Thursday after three straight falls boosted by a sharp downturn in US weekly jobless claims and Spain\u2019s surprisingly successful debt sale. 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