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Thursday
Apr042013

Stocks Rebound from Big Losses

Hemera/Thinkstock(NEW YORK) -- Stocks were mixed for most of Thursday's session ahead of the government's March jobs numbers, but ended in the plus column. The U.S. markets Thursday recovered from big losses on Wednesday that saw the Dow lose 111 points.

The Dow closed up 55.76 points to end the day at 14,606.11. The Nasdaq and the S&P both added 6 points, closing at 3,224.98 and 1,559.98, respectively.
 
Signs that the economy cooled last month dampened optimism about the recovery, pushing stocks down from record levels.  
 
The weekly unemployment claims jumped again last week, hitting a four-month high.  Economists say it may be the effects of the federal sequester cuts, but it could be a sign of trouble to come. The less-volatile four-week average also rose.

The March unemployment report comes out on Friday.

Copyright 2013 ABC News Radio