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Jobless Drop Buoys Stocks; Banks Gain

June 5th, 2009 12:06 PM by Ron Mastrodonato

Stocks advanced Thursday after a report showed jobless claims fell last week and banks gained.

The  Dow Jones Industrial Average rose about 75 points, or 0.9 percent. The S&P 500 gained 1.1 percent and the Nasdaq added 1.3 percent.

This came after stocks snapped a four-day winning streak Wednesday after a trio of weak economic reports tarnished the shine on recovery hopes.

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Posted in:General
Posted by Ron Mastrodonato on June 5th, 2009 12:06 PM

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