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: Son Fatally Shoots Mother While Driving On Woodward Near Royal Oak
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: Wixom Man Charged In Shooting Death Of Father's Ex-Girlfriend
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: Michigan Community Choosing To Help Each Other In Time Of Need After Flint Home Explosion
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