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Thursday
Oct062011

Gains Continue for US Stocks; AAPL Stocks Steady Amid Jobs' Passing

Comstock/Thinkstock(NEW YORK) -- A bump in first-time jobless claims didn't keep the markets from a third straight day of gains.
 
The Dow closed up 183 points Thursday. The Nasdaq and S&P gained 46 and 21, respectively.
 
The latest numbers on new claims for unemployment benefits are a sign that the job market is still weak. The government says claims rose by about 6,000 last week, after a drop of 33,000 the week before.

Meanwhile, Apple Inc. stocks activity shows investors in the company have confidence in the tech company despite the passing of company co-founder and former CEO, Steve Jobs. The company closed with a 1.4-percent gain Thursday.

"We believe Apple's innovation and product momentum can continue," Barclays analyst Ben Reitzes told clients, according to The Wall Street Journal.

In the past, the price of Apple shares was largely impacted by the health status and appearance of Jobs.
 
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