National AP News | WCTV Eyewitness News: Tallahassee, Thomasville, Valdosta

Banks Lead Stock Rally; Nasdaq Nears 3,000

By: Associated Press
By: Associated Press

New York, NY (AP) - Stocks are closing higher after applications for unemployment benefits hit a four-year low and retailers reported better February sales.

Banks dodged a big hit from the Greek debt crisis and rallied Thursday to lead the market higher. A markets panel ruled that Greece's plan to restructure its debt should not trigger any bond-insurance payments yet.

JPMorgan Chase and Bank of America were among the top gainers in the Dow Jones industrial average. The Dow rose 28 points to 12,980, a gain of 0.2 percent.

The S&P 500 index rose 8 points, or 0.6 percent, to 1,374.

The Nasdaq rose 22 points, or 0.7 percent, to 2,989.

More than two stocks rose for every one that fell on the New York Stock Exchange. Trading volume was slightly light at 3.9 billion.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WCTV 1801 Halstead Blvd. Tallahassee, FL 32309
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 141093503