Thursday, March 07, 2013 11:48 am
Stocks gain after unemployment claims fall
The Associated Press
The Dow Jones industrial average was up 46 points at 14,324 shortly before noon EST Thursday. The Dow barreled through a record high Tuesday and has been adding to those gains.
The Standard & Poor's 500 index rose three points to 1,544. The Nasdaq composite rose nine points to 3,231.
The market got a boost after the Labor Department reported that the number of Americans seeking unemployment aid fell by 7,000 last week, driving the four-week average to its lowest in five years.
Supermarket chain Kroger rose 4 percent after reporting earnings that easily beat the forecasts of Wall Street analysts.