News Summary: Jobs News Give Stocks A Small Lift

By The Associated Press

JOBS BOOST: The Standard & Poor's 500 index rose for the first day in six after a government report showed that unemployment claims fell close to their lowest level in six years. Stocks have been falling in part because of concerns about a potential government shutdown as the White House and Republican-led Congress square off in a budget fight.

RETAIL GAINS: Growth-sensitive retail stocks were among the best performers in the S&P 500 index. The group got a lift from troubled department store owner J.C. Penney, which said in a statement that it was pleased with its turnaround efforts. Bed Bath & Beyond also gave the industry a boost with a strong earnings report.

HERTZ HURTS: Car rental company Hertz had a bad day. The company's stock plunged $4.15, or 16.1 percent, to $21.63 after the company said that it was cutting its full-year earnings and revenue forecasts because of weaker demand for its airport car rentals.
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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