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Thursday
Mar082012

Stocks Not Affected by Slight Jump in Unemployment

Ben Hider/Getty Images(NEW YORK) -- A weekly bump in unemployment didn't do much to dim a brightening jobs picture.
 
The Dow closed up 71 points Thursday. The Nasdaq added 35 points, and the S&P gained 13 for the session.
 
More people applied for unemployment benefits last week, but the Labor Department says the overall level is still low enough to suggest the job market is strengthening. The February jobless numbers come out on Friday.
 
In Greece, the deadline's come and gone for a major debt reduction deal. Government officials and world markets are confident that a high number of private investors will swap their bonds they now hold for lower-interest versions.
 
Copyright 2012 ABC News Radio







ABC News Radio