Stocks rise after better housing, jobless reports

By: Associated Press Email
By: Associated Press Email

NEW YORK (AP) -- Stocks are closing higher, pushing the Standard & Poor's 500 index to another five-year high, after strong reports on housing starts and unemployment claims made investors more optimistic about the U.S. economy.

The S&P 500 gained eight points to close at 1,480 Thursday, its highest level since December 2007.

The Dow Jones industrial average also rose, gaining 84 points to 13,596. The Nasdaq composite rose 18 points to 3,136.

U.S. builders started work on homes in December at the fastest pace since the summer of 2008. The number of Americans seeking unemployment benefits fell to a five-year low last week.

EBay rose after reporting higher earnings.

Rising stocks outnumbered falling ones three to one on the New York Stock Exchange. Volume was average, 3.7 billion shares.


KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 187365781 - nbc11news.com/a?a=187365781
Gray Television, Inc.