Stocks are climbing after a surprise dip in unemployment claims and stronger sales reports from retailers. The Dow Jones industrial average was trading just below 11,000 for the first time since early May, shortly before the “flash crash.”READ MORE: 2 Teens Charged After Shots Fired At Detroit Police Officers
Traders are upbeat Thursday as the Labor Department says first-time claims for unemployment insurance fell last week. Economists were predicting a slight increase.READ MORE: Republicans Kept Off Michigan Ballot Turn To The Courts
Gains are being kept in check as traders prepare for the government’s monthly employment report Friday.
The Dow Jones industrial average is up 24, or 0.2 percent, at 10,991. The S&P 500 is up 3, or 0.3 percent, at 1,163, while the Nasdaq composite index is up 10, or 0.4 percent, at 2,390.MORE NEWS: Here Are Some Memorial Day Events Happening In Metro Detroit
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