While you were sleeping US jobless claims drop

Thu, 26 Sep 2013

Sept 27 (BusinessDesk) – Wall Street gained after a surprise drop in US jobless claims underpinned expectations the economy is improving albeit at a rate slow enough for the Federal Reserve to maintain its stimulus. In late afternoon trading in New York, the Dow Jones Industrial Average rose 0.19 percent, the Standard & Poor's 500 Index added 0.11 percent, and the Nasdaq Composite Index advanced 0.53 percent. Gains in shares of Verizon and Visa, each up 1.3 percent, led the Dow higher. The number of Americans filing applications for unemp...

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