Financial, retail stocks lure buyers

May 14, 2009 1:38:08 PM PDT
Investors have shoved aside jitters about the economy to do some bargain hunting. Stocks are higher Thursday after mostly falling for three days as traders scooped up beaten-down financial and retail stocks. A worse-than-expected weekly unemployment report added to concerns that the economic recovery might not come as quickly as hoped.

According to preliminary calculations, the Dow Jones industrial average is up 46 points at 8,331.

The Standard & Poor's 500 index is up 9 at 893, and the Nasdaq composite index is up 25 to 1,689.

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