Stocks Up on New Home Deals, Job Growth Prospects

By: Associated Press
By: Associated Press

New York, NY (AP) - Better news on the job market and home sales sent stocks higher on Wall Street.

The four-week average of unemployment claims fell to a three-and-a-half-year low, an indication that hiring could pick up. Also the number of Americans who signed contracts to buy homes in November rose more than 7 percent to the highest level in a year and a half.

With just one day of trading left in 2011, the Dow Jones industrial average closed up 136 points, or 1.1 percent, at 12,287 Thursday.

The S&P 500 rose 13 points, also 1.1 percent, to 1,263. The Nasdaq composite index rose 24, 1 percent, to 2,614.

Volume on the New York Stock Exchange was 2 billion shares, half of its recent average. Gaining stocks led losing ones four to one.

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
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 136394203 -
Gray Television, Inc.