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Thursday, December 26, 2013

U.S. Stocks Advance as Jobless Claims Decline More Than Forecast

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:16 PM No comments
Bloomberg (26/12) -- U.S. stocks climbed, extending a record for the Standard & Poor’s 500 Index, as data showed fewer Americans than projected filed applications for unemployment benefits last week.

Tesla Inc. gained 2.3 percent on a report that the electric car maker will focus on opening more showrooms in China next year. T-Mobile US Inc. advanced 1.4 percent amid a report that SoftBank Corp. is likely to raise the funding needed for its planned purchase of the wireless network provider.

The S&P 500 rose 0.2 percent to 1,837.66 at 9:32 a.m. in New York. The Dow Jones Industrial Average advanced 51.18 points, or 0.3 percent, to 16,408.73. U.S. markets were closed yesterday for the Christmas holiday.

U.S. benchmark indexes extended all-time highs in a shortened session on Dec. 24 as data on durable goods and new-home sales beat forecasts. The S&P 500 has gained 29 percent in 2013, poised for its biggest annual jump since 1997.
 

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