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) -- 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 International Business Machines Corporation Report

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JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. Report


Procter & Gamble

(PG) - Get Procter & Gamble Company 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



TheStreet Ratings

gives Procter & Gamble an A- grade with a buy rating and


price target.

Shares of JPMorgan rose 1.1% to $38.49. The move came despite news that

bank fees

could be threatened by the Consumer Financial Protection Bureau, which is probing overdraft practices.

TheStreet Ratings

gives JPMorgan a B grade with a buy rating and


price target.

Shares of IBM rose 1.93% to $197.61. The stock hit a

52-week high

Thursday of $199.23.

TheStreet Ratings

gives IBM an A+ grade with a buy rating and a


price target.

The biggest decliners in the index were


(HPQ) - Get HP Inc. Report



(PFE) - Get Pfizer Inc. 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.

TheStreet Ratings

gives HP a

C grade

and hold rating.

Shares of Pfizer dropped 1.54% to $21.03. The pharmaceutical company gets an A- grade with a buy rating and


price target.


Written by Alexandra Zendrian in New York


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Alexandra Zendrian