US close: Dow, S&P 500 hit new records as jobless claims drop

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LONDON (ShareCast) - - Jobless claims fall by more than expected
- Dow hits 50th record of the year, S&P hits 44th
- Treasury yields hits three per cent

Dow Jones: 0.75%
Nasdaq: 0.28%
S&P 500: 0.48%

Data showing a sharp decline in jobless claims last week sparked solid gains on Wall Street on Thursday, with the Dow Jones Industrial Average and S&P 500 again hitting fresh all-time highs as markets reopened following their closure for Christmas the previous day.

The Dow jumped 0.75% to finished at 16,479.88, setting its 50th record close of the year, while the S&P 500 rose 0.48% to end at its 44th record of 1,842.02.

According to the Labor Department, weekly initial jobless claims dropped by 42,000 to 338,000 in the week ended December 21st. While seasonal factors make it hard to predict applications for unemployment benefits, analysts on the whole had expected a higher figure of 345,000.

This follows data amid a shortened session on Christmas Eve, which showed that durable goods orders and new-home sales exceeded expectations.

The yield on a 10-year Treasury rose to 3% during the session following the data, the first time it has reached this level since September.

Electric car maker Tesla gained on reports that it will open more showrooms in China in 2014.

JPMorgan Chase & Co (NYSE: JPM - news) finished slightly lower and was the only constituent on the Dow to end in negative territory.

Internet merchant eBay fell after reports that its sales rose by just 9.6% year-on-year between Thanksgiving through to December 22nd, a sharp slowdown from the 21% increase registered between Thanksgiving through to December 15th.


S&P 500 - Risers
Pitney Bowes Inc (NYSE: PBI - news) . (PBI) $23.77 +3.12%
J.C. Penney Co. Inc. (JCP (Taiwan OTC: 4747.TWO - news) ) $8.97 +2.51%
CBS Corp. (CBS) $63.00 +2.17%
Urban Outfitters Inc (NasdaqGS: URBN - news) . (URBN) $37.55 +2.15%
Best Buy Co. Inc (NYSE: BBY - news) . (BBY) $41.04 +2.04%
Adt Corp (ADT) $40.94 +1.94%
Amgen Inc (Xetra: 867900 - news) . (AMGN) $114.36 +1.88%
Lockheed Martin Corp. (LMT) $148.84 +1.85%
Gannett Co. Inc (NYSE: GCI - news) . (GCI) $29.31 +1.84%
Freeport-McMoRan Copper & Gold Inc. (FCX) $36.96 +1.82%

S&P 500 - Fallers
eBay Inc. (EBAY (NasdaqGS: EBAY - news) ) $54.06 -2.01%
JDS Uniphase Corp. (JDSU) $12.77 -1.62%
QEP Resources Inc (NYSE: QEP - news) (QEP) $30.47 -1.61%
Southwestern Energy Co (NYSE: SWN - news) . (SWN) $39.68 -1.24%
GameStop Corp (NYSE: GME - news) . (GME) $50.36 -1.20%
Quest Diagnostics (NYSE: DGX - news) (DGX) $53.87 -1.16%
PG&E Corp. (PCG) $40.56 -1.15%
Cabot Oil & Gas Corp. (COG) $38.56 -0.95%
Nvidia Corp. (NVDA) $15.67 -0.95%
Family Dollar Stores Inc (NYSE: FDO - news) . (FDO) $64.95 -0.92%

Dow Jones I.A - Risers
Exxon Mobil Corp. (XOM) $100.90 +1.69%
International Business Machines Corp. (IBM (NYSE: IBM - news) ) $185.35 +1.16%
Home Depot Inc. (HD) $81.55 +1.13%
United Technologies Corp (NYSE: UTX - news) . (UTX) $112.69 +1.09%
Intel Corp. (INTC) $25.70 +1.06%
Chevron Corp. (CVX) $124.81 +1.05%
Boeing Co (NYSE: BA - news) . (BA) $138.27 +1.05%
Walt Disney Co. (DIS) $74.62 +1.04%
Unitedhealth Group Inc. (UNH) $74.85 +0.97%
Microsoft Corp. (MSFT) $37.44 +0.97%

Dow Jones I.A - Fallers
JP Morgan Chase (Other OTC: JFTTL - news) & Co. (JPM) $58.20 -0.09%

Nasdaq 100 - Risers
Tesla Motors Inc (Xetra: A1CX3T - news) (TSLA) $155.50 +2.70%
Amgen Inc. (AMGN) $114.36 +1.88%
Fastenal Co. (FAST) $47.13 +1.79%
Alexion Pharmaceuticals Inc (NasdaqGS: ALXN - news) . (ALXN) $132.91 +1.41%
Amazon.Com Inc. (AMZN) $404.39 +1.30%
Green Mountain Coffee Roasters Inc (Xetra: 887856 - news) . (GMCR) $75.81 +1.30%
Mattel Inc (NasdaqGS: MAT - news) . (MAT) $46.33 +1.18%
Bed Bath & Beyond Inc (NasdaqGS: BBBY - news) . (BBBY) $79.53 +1.12%
Regeneron Pharmaceuticals Inc (NasdaqGS: REGN - news) . (REGN) $278.64 +1.07%
Intel Corp. (INTC) $25.70 +1.06%

Nasdaq 100 - Fallers
eBay Inc. (EBAY) $54.06 -2.01%
Nvidia Corp. (NVDA) $15.67 -0.95%
Akamai Technologies Inc (NasdaqGS: AKAM - news) . (AKAM) $47.30 -0.90%
Baidu Inc (Xetra: B1C.DE - news) . (BIDU) $167.28 -0.77%
Apple Inc (NasdaqGS: AAPL - news) . (AAPL) $563.90 -0.66%
Autodesk Inc (NasdaqGS: ADSK - news) . (ADSK) $49.39 -0.62%
Maxim Integrated Products Inc (NasdaqGS: MXIM - news) . (MXIM) $28.15 -0.57%
Catamaran Corp (CTRX) $47.97 -0.54%
Whole Foods Market Inc (NasdaqGS: WFM - news) . (WFM) $57.68 -0.53%
Activision Blizzard Inc (NasdaqGS: ATVI - news) . (ATVI) $18.08 -0.50%

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