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Dow, S&P Hit Record Highs

iStock/Thinkstock(NEW YORK) -- New steps by the European Central Bank to help lift the region's economy pushed stocks higher on Thursday.

The Dow closed up 99 points, reaching a new record high at 16,836. The S&P 500 also hit an all-time high on Thursday, climbing 13 points to close at 1,940. The Nasdaq, meanwhile, finished 45 points higher.

More people filed for unemployment benefits last week but economists aren't worried. They say even with an increase of 8,000, the number of claims is still near a four-year low. The Labor Department will release its jobs report for May on Friday morning.

Can you put a price on a life? General Motors will try to. In the wake of recalls stemming from faulty ignition switches, the company is launching a compensation program for crash victims or their families.

And with Father's Day around the corner, the Pew Research Center finds that the number of stay-at-home dads has doubled in the last 25 years. Meanwhile, a new report from the City University of New York says working fathers tend to earn about 25 percent more than guys who don't have children -- regardless of age, education level, ethnicity, or career.

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