Stocks are extending their September rally following more encouraging news on the job market.
The Labor Department says first-time claims for unemployment benefits fell last week to the lowest level in two months. In another hopeful sign, the trade deficit narrowed in July.READ MORE: Michigan Matters: Where are the Female CEOs in Michigan?
According to preliminary calculations, the Dow Jones industrial average rose 28, or 0.3 percent, to close at 10,415 Thursday. The Dow had risen as much as 90 points earlier.READ MORE: MSU Police: Tip From Private Investigator Led To Discovery Of Body Believed To Be Brendan Santo
The Standard & Poor’s 500 index rose 5, or 0.5 percent, to 1,104, while the Nasdaq rose 7, or 0.3 percent, to 2,236.MORE NEWS: Consumer Alert: How To Avoid Fake N95, KN95 Masks
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