U.S. stocks rose on Thursday as investors cheered the release of two stronger-than-anticipated reports on the jobs market, setting the stage for Friday’s highly anticipated June jobs report.
At the preliminary close, the Dow Jones industrial average gained 93 points, or 0.7 percent, to 12,719; the S&P 500 added 14 points, or 1.1 percent to 1,353; and the Nasdaq Composite climbed 39 points, or 1.4 percent, to 2,873.
Retail stocks jumped Thursday after several large chains reported better-than-expected June sales. Kohl’s was the second-best performer on the S&P 500, up more than 7 percent, followed closely by Target, Urban Outfitters and Macy’s.
“The outlook for consumer discretionary and consumer staples remains positive, particularly going into the important back-to-school shopping season,” said Stephen Carl, head equity trader at Williams Capital.
Financial shares also posted strong gains, with Bank of America, JPMorgan Chase and American Express among the Dow’s top performers.
Economy: Investors got two strong jobs-related economic reports before the opening bell, which gave stocks an early boost on Thursday.
“The data confirms that, although the job market remains weak, it’s showing some signs of stability, and the weakness we saw in the second quarter was more related to the earthquake in Japan than a U.S. Read all post…

July 7th, 2011
Vanessa Williams
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