MW: U.S. stocks rise in relief over Italian auction
Jobless claims under 400,000 again last week
By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) -- U.S. stocks opened higher Thursday, recovering some of the prior day’s losses, after Italian borrowing costs fell at a government debt auction.
And, U.S. jobless claims came in at 381,000, up from 366,000 the prior week. “This is the fourth week that claims have held below 400,000, which is considered a break-even point in job creation,” said Fred Dickson, chief investment strategist at Davidson Cos.
After dropping 139.94 points on Wednesday, the Dow Jones Industrial Average DJIA +0.65% was lately up 64.98 points at 12,216.39, with all but one of its 30 components gaining.
The S&P 500 Index SPX +0.59% rose 5.69 points to 1,255.33, with financials pacing gains that including all 10 of its major industry groups.
The Nasdaq Composite COMP +0.29% gained 7.28 points to 2,597.26.
For every stock falling more than two gained on the New York Stock Exchange, where 43 million shares had traded as of 9:45 a.m. Eastern.
Kate Gibson is a reporter for MarketWatch, based in New York.
