Thursday, January 10, 2013

U.S. stocks rise on E.Z. optimism; Dow Jones up 0.24% - U.S. stocks opened higher on Thursday, boosted by encouraging comments by European Central Bank President Mario Draghi, despite downbeat jobless claims data from the U.S. 

During early U.S. trade, the Dow Jones Industrial Average added 0.24%, the S&P 500 index rose 0.34%, while the Nasdaq Composite index climbed 0.56%. 

Speaking at the bank’s post-policy meeting press conference Draghi said a gradual economic recovery would begin this year, as structural reforms and actions by the ECB to tackle the region’s debt crisis continued to take effect. 

Meanwhile, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 5 rose by 4,000 to a seasonally adjusted 371,000, compared to expectations for a decline of 2,000 to 365,000.

Jobless claims for the preceding week were revised down to 367,000 from a previously reported 372,000.;-dow-jones-up-0.24-242897

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