NEW YORK — Upbeat news on employment is lifting stocks at midday, breaking a five-day losing streak for the Standard & Poor's 500 index.
The S&P 500 index gained four points to 1,696 at 12 p.m. Eastern Daylight Time Thursday. The Dow Jones industrial average rose 40 points to 15,313. The Nasdaq climbed 21 points to 3,782.
Unemployment claims fell close to their lowest level in six years last week, the government says.
The Dow and S&P 500 have fallen five consecutive days, spooked by the prospect of a government shutdown. Treasury Secretary Jacob Lew told Congress this week that the Treasury's ability to borrow funds will be exhausted Oct. 17.
Bed Bath & Beyond rose $3.17, or 4 percent, to $77.38. The retailer said Wednesday that its quarterly profit increased 11 percent.
- Ogden Salvation Army needs help after thieves...
- How to avoid wasting money on fees
- Utah coal: A story of families, jobs and...
- School pays tribute to janitor 'Mr. Steve'...
- Is there a bigger picture to the selfie?
- Dave Ramsey says: Dave Ramsey: Make time to...
- Balancing act: Quest for work-life balance...
- U. launches ride-matching service
- Utah coal: A story of families, jobs... 32
- There's more to why Americans don't... 13
- The battle over coal struggles to find... 4
- US productivity up 3.3 percent in... 2
- How Medicare is trying to start a... 2
- Balancing act: Quest for work-life... 1
- Randy Shumway: Invest in education to... 1
- Is there a bigger picture to the selfie? 1