Stocks break 4-day slide

September 3, 2009 1:27:00 PM PDT
Stocks are higher after a four-day slide but investors are holding off making big moves ahead of a key government report on unemployment.

MOST POPULAR: Video, stories and more
SIGN-UP: Get breaking news sent to you from ABC7

The gains Thursday follow a Labor Department report that the number of people filing for unemployment claims fell last week while the number of those receiving benefits rose.

The market will be watching Friday's monthly jobs report particularly closely since unemployment is seen as the biggest obstacle in the way of a recovery.

The Dow is up 64 points at 9,345. The Standard & Poor's 500 index is up 8 at 1,003. The Nasdaq composite index is up 16 at 1,983.

Three stocks rose for every one that rose on the New York Stock Exchange, where volume came to a relatively low 1.2 billion shares.

       Today's latest headlines | ABC7 News on your phone
Follow us on Twitter | Fan us on Facebook | Get our free widget


Load Comments