This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

News Summary: Stocks Gain On Unemployment Claims

By The Associated Press

ONWARDS AND UPWARDS: The Dow pushed further into record territory Thursday after the government said unemployment claims fell by 7,000 last week, driving the four-week average to its lowest in five years. The index has now climbed 1.2 percent above its old record.

THE STREAK LIVES ON: The Standard & Poor's 500 ended higher for a fifth straight day. That's the longest streak of advances since the middle of January, when the index rose for eight straight days.

MIND THE GAP: Gap rose 4.1 percent to $35.87 after a key revenue measure, which showed sales rose more than expected in February, was leaked early. Gap had been scheduled to release the sales figures after the market closed, but put them out at midday after a transcript of its recorded sales call appeared on the website seekingalpha.com. That led to a brief halt in trading of the retailer's stock.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs