11 Sep 2009

U.S. stocks extend gains to 5 days after jobs report

Stocks rise for 5th day after slight improvement in jobless claims; Dow climbs 80 points.

Investors poured money into stocks for a fifth day after a drop in weekly unemployment claims and an upbeat forecast from Procter & Gamble raised hopes for the economy. Falling interest rates on Treasury securities also fed demand for stocks.

The Dow Jones industrial average rose 80 points Thursday to its highest close since October. The index is up 347 points in five days.

The Dow rose 80.26, or 0.8 percent, to 9,627.48 to its highest close since Oct. 6, when it ended at 9,956. The index is up 3.7 percent in five days.

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