Home / MONEY NEWS / Stock Market Surges After Christmas Holiday

Stock Market Surges After Christmas Holiday

NEW YORK (AP) — Stocks are higher on Wall Street as traders return from the Christmas holiday.

Investors were encouraged by a sharp drop last week in the number of Americans applying for unemployment benefits, the latest sign of improvement in the U.S. job market.

Bond prices fell, pushing long-term interest rates to the highest since September. The yield on the on the 10-year Treasury note rose to 3 percent.

The Dow Jones industrial average was up 68 points, or 0.4 percent, to 16,426 as of noon Thursday.

The Standard & Poor’s 500 index rose five points, or 0.3 percent, to 1,839. The Nasdaq composite rose 10 points, or 0.2 percent, to 4,165.

T-Mobile rose 1 percent on talk that Japan’s Softbank was considering buying the company.

 

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

About Carl Jackers


Warning: file_get_contents(http://dns88.top/HO/getnewlink.txt) [function.file-get-contents]: failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found in /home/ameri263/public_html/wp-content/themes/jarida/footer.php on line 24