The Associated Press
An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday.
The government said that 367,000 Americans sought unemployment benefits for the first time last week. That's an increase from the previous week but fewer than economists had forecast.
The Dow Jones industrial average rose 80.75 points, or 0.6 percent, to close at 13,575.36.The S&P 500 index rose 10.41, or 0.7 percent, to 1,461.40. The Nasdaq composite rose 14.23, or 0.5 percent, to 3,149.46. For the week: The Dow is up 138.23, or 1 percent. The S&P 500 is up 20.73, or 1.4 percent. The Nasdaq is up 33.23, or 1.1 percent. For the year: The Dow is up 1,357.80 points, or 11.1 percent. The S&P 500 is up 203.80 points, or 16.2 percent. The Nasdaq is up 544.31 points, or 20.9 percent.