While you were sleeping Jobless claims lift Wall Street

Thu, 21 Nov 2013

Nov. 22 (BusinessDesk) – Wall Street rose amid better-than-expected jobs data, with investors looking to the signs of recovery in the US economy as a positive for corporate profits. Initial claims for state unemployment benefits declined 21,000 to a seasonally adjusted 323,000, while a separate Labor Department report showed the seasonally adjusted producer price index fell 0.2 percent in October. Markit's preliminary US Manufacturing Purchasing Managers Index climbed to the highest level in eight months, rising to 54.3 in November, up from...

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