News Column

US Stock Markets Climb Early

Oct. 4, 2012

U.S. stock markets rose early Thursday after the Labor Department said it was a relatively flat week for first-time jobless benefits claims.

The department said there were 4,000 additional benefits claims filed in the week, bringing the weekly total to 367,000.

In midmorning trading on Wall Street, the Dow Jones industrial average added 94.28 points, or 0.7 percent, to 13,588.89. The Nasdaq composite index added 13.16 points, or 0.42 percent, to 3,148.39. The Standard & Poor's 500 index gained 11.19 points, or 0.77 percent, to 1,462.18.

The benchmark 10-year treasury note fell 10/32 to yield 1.649 percent.

The euro rose to $1.2993 from Wednesday's $1.2905. Against the yen, the dollar rose to 78.58 yen from 78.49 yen.

In Tokyo, the Nikkei 225 index added 0.89 percent, 77.72, to 8,824.59.



Source: Copyright United Press International 2012


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