Jobs data, retail sales lift stocks

June 11, 2009 4:29:05 PM PDT
Investors are welcoming a better-than-expected report on jobless claims and growth in retail sales. Stocks are ending moderately higher Thursday but off their best levels of the day.

The market was also encouraged by an auction for 30-year Treasury bonds that attracted strong demand, which eased some recent worries about higher interest rates. Stocks fell Wednesday after a relatively weak auction for 10-year notes.

According to preliminary calculations, the Dow Jones industrial average is up 32 at 8,771. The Standard & Poor's 500 index is up 6 at 945. The Nasdaq is up 9 at 1,862.

Three stocks rose for every two that fell on the New York Stock Exchange, where volume came to 1.2 billion shares.


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