Fall in unemployment claims buoys indexes

Fall in unemployment claims buoys indexes
Stocks rallied, with indexes logging their biggest advances in three months, as a decrease in weekly jobless claims beat estimates and growth in service industries bolstered confidence in the recovery. DuPont and Caterpillar led gains among industrial firms while Big Lots earnings beat forecasts, lifting retailers. Crude oil prices fell 32 cents to 101.91 per barrel.
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U.S. Payrolls Rose 192,000; Jobless Rate at 8.9% in February
U.S. employers added 192,000 workers in February, amid an improving economy and more seasonable weather, and the unemployment rate unexpectedly declined to 8.9 percent, the lowest level since April 2009.
Read more on Bloomberg

GLOBAL MARKETS-World stocks drop, dollar slips after US data
* US Feb payrolls rise, jobless rate lowest since April 09 * U.S. stocks, world stocks fall * US dollar fails to benefit from jobs data (Updates prices, adds oil, details) NEW YORK, March 4 (Reuters) – …
Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance

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