US Stocks Rise On Jobless Claims, Cisco Comments; DJIA Up

Nov 5th, 2009 - Wall Street Journal

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NEW YORK (Dow Jones)--U.S. stocks rallied broadly Thursday, pushing the Dow Jones Industrial Average back near the 10000 level thanks to a drop in weekly jobless claims and optimistic comments about the economy from Cisco Systems' chief executive.

The Dow was recently up 165 points, or 1.7%, to 9967, with all 30 of its components trading higher. After pushing above 10000 for the first time in a year in mid-October, the index faced some selling pressure to close out the month. As the calendar has turned to November, however, some of the buying has returned and the Dow was up ...

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