NEW YORK (
TheStreet) -- Stocks finished Thursday on a positive note after
better-than-expected jobless claims.
Dow Jones Industrial Average rose 46.02 points, or 0.36%, to 12,984.69. The
S&P 500 increased 5.8 points to 1,363.46 and the
Nasdaq Composite had a gain of 23.81 points to 2,956.98.
Breadth within the Dow was positive with 20 of the index's 30 components posting gains.
The biggest percentage advancers among the blue chips were
(IBM - Get Report),
(JPM - Get Report) and
Procter & Gamble
(PG - Get Report).
Procter & Gamble shares increased 3.07% to $66.42. The company said it anticipates cutting about 5,700 jobs in the next year and a half to cut costs, according to
The Associated Press
. Procter & Gamble expects to save about $10 billion by June, 2016, the
gives Procter & Gamble an A- grade with a buy rating and
Shares of JPMorgan rose 1.1% to $38.49. The move came despite news that
could be threatened by the Consumer Financial Protection Bureau, which is probing overdraft practices.
gives JPMorgan a B grade with a buy rating and
Shares of IBM rose 1.93% to $197.61. The stock hit a
Thursday of $199.23.
gives IBM an A+ grade with a buy rating and a
The biggest decliners in the index were
(HPQ - Get Report)
HP shares fell 6.53% to $27.05. The PC and printer maker first-quarter earnings of $1.5 billion, or 73 cents a share, up from year-ago earnings of $239 million, or 12 cents a share, late Wednesday, but gave a weak outlook for the current quarter.
gives HP a
and hold rating.
Shares of Pfizer dropped 1.54% to $21.03. The pharmaceutical company gets an A- grade with a buy rating and
Written by Alexandra Zendrian in New York
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