Shares closed slightly higher on Thursday, the dow Jones industrial average ended the third consecutive day record jobless claims data, points out that in the Labour market recovery is closely watched employment report the day before pick up.
The dow and the S&P 500 index for their fifth session, as investors look for opportunities to purchase to the nearest rally. Caution, however, the work report of inhibiting the profits, and maintain the S&P over 1%, below its record closing.
"Today's move is very quiet, no one can take a large place, tomorrow's number, but the market is in a rising trend," said Paul, based in New York, a director of asset allocation at ING investment management '.
Driving a day of revenue growth industry. The s&p financials index ". SPSY gained 0.7%, hitting an intraday high. The dow of bank of America shares rose 2.9%, and j.p. Morgan chase & Co. increased by 1.2% at $12.26, to $50.63.
Strengthen the economic and central Banks around the world looser monetary policy pushed the stock market this year. Investors entering the market since the rally on Tuesday, but gains have been more downy.
Concerns still debate on the path of fiscal policy in Washington, not to come out of its crisis in the eurozone, the us economy is still weak.
However, the latest economic data were encouraging, how many americans filing jobless claims unexpectedly fell, last week's seasonally adjusted, 340000. This is for the second straight week.
Investors focus on the future of the Labour market Friday's non-farm payrolls report, the report is expected to show the U.S. economy added 160000 jobs in February. Although it has been, in the economic recovery, the Labour market is considered to be healing slowly.
"If disappointing employment data, we will have a callback, but you don't have enough to cheat rebound, jersey's, said:" who helps oversee $170 billion. "If the report is strong, the market still has a long space."
The dow Jones industrial average rose 33.25 points, or 0.23%, to 14329.49, record closing high. The standard & poor's 500 index ". SPX > rose 2.80 points, or 0.18%, to 1544.26. The Nasdaq composite index. Ixic <. IXIC > rose 9.72 points, or 0.30%, to 3232 15 points.
During the meeting on Thursday, the dow Jones index climbed to a record 14354.69 - for the third straight session.
The dow Jones industrial average rose 9.4%, so far this year, while the S&P 500 index is up 8.3%.
The Russell 2000 index ". Toys >, is a measure of 2000 American performance, small market value company closed at a record high on Thursday's meeting, the Russell 1000. RUI > and < the Russell 3000 index. RUA.
In another report on Thursday, the ministry of commerce, said the U.S. international trade deficit expanded more than expected, January crude imports rise, fuel exports fell. In December, by contrast, the department cut its trade deficit estimate.
Ciena, the network equipment manufacturers the company's shares rose 17.3%, after the company reported a quarterly loss less $17.53.
Retail shares is the most active under the condition of same stores sales in February. Gap inc. rose 4.1% to $35.87 as a result, stronger than expected, Zumiez, down 4.8% to $22, in weak reports.
Teen apparel retailers hot topic company said it would buy about $600 million of private equity firms, wutong partners. Surged 29% to $13.87.
Time warner is up 2.4%, after the company said it will spin off its magazine unit, with Meredith corporation merger talks to end weeks of $56.78. , Meredith, fell 6.2% to $37.82.
On the downside, shares of PetsMart's fell by 6.6%, to $62.18 after the company's full-year profit forecast below analysts' expectations. There are at least two brokerages cut their price target on the retailer's inventory.
About 56% of the shares on the New York stock exchange trading higher, with the nasdaq listed stocks, and 58% are over.
Volume was light, about 610 million shares changed hands, below the average so far this year, about 648 million shares a day in the New York stock exchange, the nasdaq and the New York stock exchange (NYSE) MKT.
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