By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
US stock indexes gain, breaking a three-day slump
Placeholder Image

NEW YORK (AP) — Stocks are closing with solid gains on Wall Street, breaking a three-day slump.

The Standard & Poor's 500 index closed at another all-time high Thursday and the Dow Jones industrial average came within 36 points of its own record.

Encouraging news on the U.S. job market helped the market vault higher. Fewer people applied for unemployment aid last week, pushing the four-week average down to its lowest level in 15 years.

The Dow jumped 191 points, or 1.1 percent, to 18,252.

The S&P 500 added 22 points, also 1.1 percent, 2,121. The Nasdaq composite climbed 69 points, or 1.4 percent, to 5,050.

Kohl's plunged 13 percent missing analysts' revenue forecasts.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.24 percent.