TSC 21: Weeklong Rally Continues
Updated from 11:35 a.m. EDT
TheStreet.com 21
index kept building on its weeklong rally Thursday, as the markets climbed higher amid positive economic news.
The index rose 5.74 points, or 0.5%, closing at 1064.93 on a day that featured shiny reports from the government and the Conference Board. The Labor Department said that initial unemployment claims fell 4.2%, the Philadelphia Federal Reserve Bank's August manufacturing index rose to a surprising 22.1 from 8.3 and the Conference Board said leading indicators were up 0.4%. Meanwhile, the
Dow Jones Industrial Average
jumped 26.17 points, or 0.28%, to 9,423.68 and the
Nasdaq
closed at 1,777.55, up 17.01 points or 0.97%.
Yahoo!
(YHOO)
led the 21's 18 winners, climbing 83 cents, or 2.59%, to $32.82.
Continental Airlines
gained 40 cents, or 2.77%, to land at $14.84,
Maytag
(MYG)
rose 62 cents, or 2.52%, to $25.18, and
General Electric
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, considered the current leader in the bidding for
Vivendi's
(V) - Get Report
entertainment assets, was up 71 cents, or 2.41%, to $30.16.
Three stocks in the index came up short, starting with
Level 3 Communications
(LVLT)
, which lost 8 cents, or 1.71%, to finish at $4.61.
Tiffany
(TIF) - Get Report
shed 24 cents, or 0.61%, to close at $39.08, and
Best Buy
(BBY) - Get Report
dropped 5 cents, or 0.10%, to $49.45.
Overall, the index is 64.93 points, or 6.5%, ahead of its start at 1000 on July 3.
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