US STOCKS SNAPSHOT-Wall St ends sharply higher on economy hopes

NEW YORK (Reuters) - U.S. stocks rose sharply Thursday,with the S&P 500 up four straight days and the Dow closing above10,000, after a rise in business productivity and a drop in joblessclaims boosted confidence in the economy, while strong results fromCisco bolstered tech stocks.

* The Dow Jones industrial average was up 203.82 points,or 2.08 percent, to end unofficially at 10,005.96. The Standard &Poor's 500 Indexwas up 20.13 points, or 1.92 percent, at1,066.63. The Nasdaq Composite Index was up 49.80 points, or2.42 percent, at 2,105.32. (Reporting by Edward Krudy; Editing by Jan Paschal)

Read the whole story on CNNMoney or try our Toolbar
Bookmark and Share
blog comments powered by Disqus

Related stories:

  • High unemployment number puts pressure on Obama

    Nov 6th, 2009 - The Christian Science Monitor

    The one-two punch of Tuesday’s elections and Friday’s unemployment numbers has reframed the policy debate in Washington. To quote Democratic campaign guru James Carville: “It’s the economy...

  • Stock Market Shrugs Off Jobs Report

    Nov 6th, 2009 - BusinessWeek

    U.S. stock indexes closed higher Friday as investors snapped up industrial and other selected issues after an earlier market decline that was fueled by news the U.S. economy lost 190,000 jobs and the jobless rate hit a 26-year high of 10.

  • MARKET SNAPSHOT: Stocks End Losing Streak; Dow Closes Above 10 000

    Nov 6th, 2009 - CNNMoney

    Stocks snapped a two-week losing streak Friday as a surge in GeneralElectric nudged the Dow Jones Industrial Average back above 10,000, marking itsfirst weekly close above that level since the early days of the credit crisis.

  • US Economy: Unemployment Rate Jumps to 26-Year High

    Nov 6th, 2009 - Bloomberg

    US Economy: Unemployment Rate Jumps to 26-Year HighNov. 6 (Bloomberg) -- The unemployment rate in the U.S.jumped to 10.2 percent in October, the highest level since 1983,casting a pall over the prospects for a sustained recovery andrisking further erosion of President Barack Obama’s popularity.

  • US STOCKS-Wall St gains on economic data; Cisco boosts techs

    Nov 5th, 2009 - Reuters

    * Non-farm productivity rises at fastest pace in 6 years * Jobless claims drop to 10-month low * Cisco results lift tech stocks * Dow up 1.7 pct, S&P up 1.5 pct, Nasdaq up 2.2 pct * For up-to-the-minute market news...

More stories ...

Related videos from YouTube:

More videos ...

Google Search: